This is one of the more common questions we get. We have properties that have traditionally been listed as “all bills paid”. The problem is we could have a $900/month “all bills paid” studio, while someone else has one for $800/month that’s not “all bills paid”. Ours will cost a resident much less (after you add bills to the other one), but if you’re just browsing you don’t really see that one includes bills and one doesn’t. So ours looks more.

To solve this we’ve, at times, done what others do which is lower the price for what might be considered base rent, then add bills on top (based on a single flat fee based on total average over the last 12 months). Other properties we bill back utilities as they’re charged to us. We also have properties where some bills (gas, electric) are in the tenants name while others (perhaps water and trash) are not. In those cases, sometimes they’re bundled in rent, and other times they’re billed at as a flat fee.

No matter how we’ve done it, we’ve always felt there should be a better way. Something that’s simple and transparent. We figured that would start by showing what properties we have and how they’re currently billed (if at all) so that if you’re looking at a specific property, you’ll always know how it works. Then, from there, add a consistent methodology as to how bills are calculated.

Click, tap, or lick here for the full breakdown

We get this a lot. While the quick and easy answer is “1/2 months rent”, there are properties that pay up to 1 full months rent. And we have programs that can cause it to go up even higher. So given the number of times we’ve responded to this question, we felt it would be better to just create a quick page to put that info. Annnnnnnnd, here it is

The newest property to join the family is 420 W Alabama. This one is special to us as it’s in the Westmoreland subdivision of Montrose where some of us live, and where we have several properties already. It also happens to be right across the street from our office.

The building is beautiful. All units are nicely outfitted and have central air. Property is gated and lots of off-street parking. Contact us to setup a showing!

“^{I heard it once, I’m sure I heard it twice. My dad used to give me all of his advice
He would say, “You gotta turn your back and run now. Come on son, you haven’t got a chance now”}

It’s been ‘a while’ but we finally broke the 2,000 unit barrier. Not in total units bought (as we crossed that a while ago — some were just sold along the way), but actually having 2,000 units in our portfolio at once.

It’s been a heck of a ride. All starting with that first 8 unit (we needed help figuring out where to download a lease to use, and how to fill it out!). But we made it work, and somehow stumbled our way to be one of the largest owners of multifamily in Houston. Obviously none of it would have been possible without our great team and all the people we’ve met along the way (from bankers, other investors, brokers, vendors, and more)

So thanks to all who helped get us here. See ya at 3k.

We’ll soon be adding the largest vintage multifamily in Houston to our portfolio. This will be one of our largest projects to date. Not the largest in terms of building size, but in terms of scope of what we plan to do. The units will all be gutted to the studs and everything will be replaced. It’s been just rotting for years. We’re happy to give it ‘A New Hope (prop)’

^{“Princess Leia, where are you tonight? And who’s laying there by your side? Every night I fall asleep with you. And I wake up alone”}

When we saw 1328 Bomar hit the market, we thought “this looks like it’d be perfect!”. So we sent in an offer, and snatched it up. Super cute, gated, central air. Just an overall nice little Montrose property.

_{No new light under the moon, Stuck in life’s waiting room}

Might as well add a few more. Just acquired 1660 Richmond. There is a wide range of units at this building. If you want something heavily upgraded, we have it. Just want something affordable — got that too. Contact us to see what we have open.

_{^{Do you still think of me, or maybe never? We’re losin’ something we had when we were younger}}

This is a property we actually tried to buy back in 2016. However, I guess it was meant to be as 8 years later, it’s part of the family. We have some exciting plans for the property that we’ll be posting soon.

http://www.mthou.com

^{Playin’ songs, laying on my shoulder. We made out ’til the sun came up. Remember the time we fell in love?}

Happy New Year everyone!

2024 was a very busy year for us. We scooped up a number of new buildings. From a group of fourplexes that we owned 10 years ago, to several smaller multifamily buildings near others in our portfolio, to Memorial Towers — our ‘tallest’ building (just beating out Dakota Lofts).

While we’ve flirted with having ‘close to’ or ‘almost’ 2000 units for a while (we might have said we had ‘almost 2000’ units a bit early. I think it was as soon as we crossed 1500 :), we’re now at that number.

I hope everyone has a great 2025!

While we don’t accept cash for rent payments in any of our offices, we do allow tenants to pay cash using our partner “Pay Near Me”. Simply go to most Walgreens, CVS, 711, or Ace Cash Express. You give them a special QR code available from your tenant portal (if you don’t see it, please contact us). Give them your cash payment, and it instantly shows up on your tenant ledger.

This is a good way to avoid a late fee and the hassle of buying a money order and going and dropping it off (also more secure).

As the title suggests, we’re happy to announce that Kroger has been added to the mix.

For more information about this service, visit our pay near me page.