Bye Hadley… It was fun while it lasted

A little over 5 years ago, we extended our property types from Multifamily to commercial and land. With the purchase of the “Hadley Portfolio” we added a community center (which was in operation as a school at the time), a small office building, a church, a home, and a lot of extra land. All in the up and coming 3rd ward area of Houston. Right in the shadows of downtown.

Soon after the purchase, the person who was running the school (and leasing the church) lost his charter. So he shut down and canceled his lease. We ended up finding a new renter but also made the decision to sell the property. And while we had some ups and downs with potential buyers, we found someone that got passed the finish line.

So Hadly — we’ll miss you. We wish the new buyer the best of luck!

“But people are what they wanna be
They’re not lemmings to the sea
Maybe it’s time you looked at yourself
And stop blaming life on someone else”

Walmart added to our “Pay Near Me” program

A few years ago we let our tenants know about a program we have called “Pay Near Me“. It allows tenants to pay their rent with cash at almost any CVS, Walgreens, Family Dollar, Ace Cash Express, or 7-11. As you can guess by the name of this post, Walmart has joined the list of locations you can drop off your rent.

All a tenant needs to do is get a QR code, located on their tenant portal (if you’re a tenant and don’t see this option, please reach out to your property manager or email us at [email protected]). Take the QR code to a participating store. They’ll scan the QR code, take your rent payment, and instantly apply the payment to your ledger.

This is a great option as there are no money orders that need to then be taken to the office. Or dropped in a mail slot. It saves everyone time and removes the chance that something is lost. Another advantage is avoiding late fees. If it’s the end of the day before late fees hit, you can pay your rent with cash at one of these locations and it’s instantly applied vs. taking it to the office the next day or over the weekend.

Of course, this option is in addition to other popular online payments we offer such as electronic check (ACH) and credit card

We HIGHLY encourage any tenants that are still buying money orders and dropping them off to the office to take advantage of this service.

This is only a partial list of some of the many locations inside the 610 loop that you can pay your rent with cash using Pay Near me

Another commercial property joins the fold

If you’re driving along i45, between beltway 8 and 610, feel free to stop by our commercial center at 9820 North Freeway

Need a spicy gift for your significant other? Or a like-new stove? Or both? We got ya covered!

This location is home to Katz and Factory Direct Liquidation

Been gone a long time, I kinda lost my way, can’t find it
And I caught a short ride to the grave and back this season
I can try to get by, but every time I start to panic
I’m a little bit shy, a bit strange, and a little bit manic

Happy Independence Day!

Happy 4th of July!

All Fat Property offices will be closed on the 4th of July so that our team can enjoy the day with their famines. For any emergency work requests, please use the tenant portal or call our after hours number.

FILE – Spectators watch as fireworks explode overhead during the Fourth of July celebration at Pioneer Park, on July 4, 2013, in Prescott, Ariz. The skies over a scattering of Western cities will stay dark for the third consecutive Fourth of July in 2022 as some big fireworks displays are canceled again, this time for pandemic related supply chain or staffing problems, or fire concerns amid dry weather. The city of Phoenix cited supply chain issues in canceling its three major Independence Day fireworks shows. (AP Photo/Julie Jacobson, File)

Happy 15th Birthday!

Oh kids — they grow up so fast!

15 years ago the owner sat at a computer, typing domain names into a registration site to see what might be available so he could registered a company name to match. After 845 different names tried, ‘’ showed up as available. And the rest is history.

From that first 8 unit property, Fat Property has purchased over 2,000 units and has become one of the most active buyers of multifamily in Houston

Here’s to another exciting 15 years!

Over $500,000,000 in deals done!

With the conclusion of our most recent refinance, Fat Property has completed over $500,000,000 in deals. This is a total of all purchases, sales, and refinances.

As always, our thanks (and credit) goes first and foremost to our hard working team members. But we can’t leave out the brokers who contacted us with their deals, the sellers who trusted us to close, and the lenders who have confidence in our ability to pay back our debts.

In regards to those relationships, there are a few points we’re very proud of:

  • For Brokers: We’ve never put a property under contract that we’ve failed to close
  • For Sellers: We’ve never put a property under contract and re-traded or needed an extension
  • For Banks: We’ve never been late on any payment. Ever. And kept global leverage under 60%

We’re very proud of this milestone and can’t wait to update again when we hit $1,000,000,000. That way we’ll be in the 3 comma club like this guy

It would have been a lot easier to do $500,000,000 worth of deals in Zimbabwe.

Welcome to the family, little guy

So we’re at our new Roseland property, planning for what we’re going to do to the place. We see that across the street, on the corner of Roseland and Woodrow, there is a nice old home for sale (with two garage apartments in the back). We called the agent and said “We’ll take it!”. A week later, it was ours.

We plan to start upgrading the place ASAP — new paint, windows, interior, flooring, and more. And renovating the garage apartments as well. So stop by and say “hi”. Or if you want to snag the home or apartments as a rental, reach out to us. We’ll be happy to work something out ahead of time. Or if you’re an STR operator and want to lease the whole thing for your STR business, hit us up. [email protected].

If I were the last of the few who always ask
Would you still be the same person that I knew
And if it’s for me, another boring story
I swear I’ll act enthused

Two new Montrose properties – Welcome to the family!

On February 1 we welcome two new properties to the Fat Property family: 4402 / 4410 Roseland and 1930 North Blvd.

4402 Roseland is a full block in Montrose (77006) with Oakley St. to the north, Woodrow St. to the south, and Kyle St. to the west. As well as Montrose Blvd just one block over. It consists of 4x 1 bedroom units and 18x 2 bedroom units. It was built back in 1955 and the units and exterior maintain most of that same older charm. Units start under $1000 a month — continuing our tradition of working to offer some of the lowest priced options in the best areas of the city.

1930 North Blvd is on one of the nicest streets in Houston, in the heart of the Rice University submarket (77098). It’s set back with a huge wide esplanade in front, mature oak trees all around, and some of the nicest walking ares the city has to offer. Plus off street parking and a huge courtyard that looks like it’s from a fairy tail. The property is nearly 80 years old and offers the rare opportunity to live affordably in one of the best spots in the city. The building has a few 1 bedrooms starting at under $1000 a month and huge 2 bedrooms starting at about $1,700 a month. If you’d like to check out either of these properties for lease, give our team a call at 832-640-4444. Open M-F, 9-5:30. Or email us at [email protected]

To see these properties relative to our full map, check out our property locations map

Don’t stop, the band is coming on
Rude boys and punks will shout along
Police cars bring cuffs and loaded guns
Kids scream, but laughing as they run