LANDORD NEWSLETTER
February 2025
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We hope the new year has started off well for you! I hope 2025 brings you and your family prosperity and good health!
WINTER STORMS
Please know that we are taking precautions during these freezing temperatures and
winter storms to help protect your properties. We have sent out helpful freeze warning
notices a few times to all tenants and have winterized vacant properties. We have asked
that tenants report any issues to 3G Properties immediately. Stay warm and safe out there!
Texas leads nation in population growth for
14th consecutive year.
SAN ANTONIO (Houston Chronicle) – Texas led the nation in population growth again in
2024, according to new data released last month by the U.S. Census Bureau, marking at
least the 14th year in a row that Texas has added more residents than any other state in the
country.
Texas added over 560,000 residents in 2024, according to the bureau’s latest population
estimates. That’s nearly 100,000 more than second-place Florida, and more than twice as
many new residents as California, which was third in population growth.
The Lone Star State is now home to over 31 million residents, a nearly 2 percent increase
from 2023 and over 7 percent jump since 2020. Only Idaho and Florida have grown at
higher rates since 2020, Census data show.
Texas’ growth rate of 1.8 percent was also third-highest in the country.
Texas State Demographer Lloyd Potter said that Texas’ relative affordability, coupled with
its growing economy and the job opportunities that come with it, have made the state a
destination for over a decade.
“Relative to other states, Texas is still affordable,” Potter said. “We don’t have income tax,
so those factors—the jobs that we have, the affordability and the overall quality of life in
Texas—make it an attractive place for people to move to.”
“Texas is experiencing significant population growth, averaging 1,300
new residents daily due to natural increase and migration. The state
has added over one million new jobs since the pandemic, particularly
in high-paid sectors like professional services and IT, leading to
strong housing demand expected to continue into 2025.”
— TRERC Research Director Daniel Oney in the Jan. 4, 2025, Newsweek article, "Texas
Could See Increase in People Moving to State as Housing Market Shifts."
$200M mixed-use development with surf park
anticipated for McKinney
McKINNEY ( ConnectCRE ) – The city is pursuing an agreement with Cannon Beach for a
$200 million multi-use development.
The project is expected to break ground in 2025 at the corner of Stacy Rd. and SH 121.
The 35-acre project will have a four-acre surf lagoon, a full-service resort-style hotel, and
dining, entertainment, and business spaces.
The resort will have lounge areas and cabanas with food service and will connect to the
surf lagoon and a host of water-focused attractions, including cliff diving.
Other attractions such as skateboard park, movie theater, bowling alley, health club, and
indoor recreation facilities are expected to surround the resort and lagoon.
The first phase—the wave-making lagoon—is anticipated to open in 2026.
Plano’s Children’s Health completes 395K-sf
expansion
PLANO ( ConnectCRE ) – Children’s Health has opened its 395,000-sf new patient tower on
its 14-acre Children’s Medical Center Plano campus.
The tower adds 140 universal and ICU-capable inpatient beds, increasing the total to 212.
The campus expansion doubled its emergency room with 48 exam rooms.
The project also expanded state-of-the-art imaging and radiology capabilities with
advanced MRI, CT, PET, CT, and SPECT/CT scanners, as well as expanded X-ray and
ultrasound equipment.
Construction on the facility, designed by HKS and built by Vaughn Construction, began in
2021.
Local Market Reports
December 2024
(January not available yet)
Please bear in mind 3G Properties Group handles basic maintenance requests
and is not a general contractor or construction company. We are happy to work
with YOUR preferred vendors as long as 3G obtains proof of their liability
insurance, copy of their W9 and coordinates the repairs. As your property
management company, we are charged with coordinating all maintenance with
your resident as part of our liability protection for both you and 3G. If the owner,
resident and vendor are communicating outside of our Maintenance Coordinator
and/or 3G team, this can cause significant problems. We expect to pay your
vendor through our system so all of your annual expenses are reflected on your
1099. 3G Properties Group strives to provide you with a “hands off” experience
as much as possible, relieving you from maintenance burdens and headaches!
Understanding your Cash Flow Statement vs. 1099
CLICK HERE FOR: Tax Season Review for Landlords
New HVAC Preventative Maintenance "Comfort Club"
As we prepare for spring, we want to inform you of a change to our spring and fall
HVAC Preventative Maintenance service provider. Through our partnership, Air Repair
Pros is offering exclusive bulk pricing to 3G Properties Group. If 70 or more properties
enroll, the Comfort Club Membership will be available at a discounted rate of $135/year.
Properties that have more than one HVAC unit, additional units can be added for $65
each.
What’s Included in the Comfort Club Membership:
• Waived trip charges with same-day repairs (a $67 value)
• 20% discount on all repairs
• 2-year parts and labor warranty on repairs (standard is 90 days)
• 3-year parts and labor warranty on new equipment (standard is 1 year)
• Two biannual maintenance visits (a $258 value per system)
• Guaranteed service appointments within 24 hours of your request
• No additional emergency service fees for nights or weekends
Notice: 3G Properties Group Maintenance Approvals
That Exceed Your Owner Reserve Funds
Recently all landlords received a notice in your portal that explains why we require
funding in advance and what is considered an emergency and the importance of
funding for non-emergency work orders. We hope this email clarifies why funding your
account promptly is crucial. 3G Properties Group is here to minimize your risks, ensure
emergencies and repairs are completed, and protect both your tenants and your
investment.
OWNER LOGIN
Notes from a few of our residents and other landlords!
"I have been a tenant for over 5 years. I wanted to start the year off showing appreciation to those that extend themselves to others. I could not think of any better example than the staff of 3G Properties! Every single person is fantastic! They ALL advocate for the property owners as well as the tenants. I wanted to thank each one individually. Thank you so much for all you do...Javier, Lillian, Christian, Sashana, Sarah and Oscar! Please know you are so appreciated!"
-Pete
"I've had nothing but positive interactions with 3G Properties during my 2 years as a tenant. From prompt maintenance requests to timely responses to any leasing needs, 3G is hands down the best in the business."
-Terry
"I couldn’t have selected a better group to handle my needs for both leasing and selling my property. This was my first experience in renting property so it was important to find the right team. 3G Management was continuously accessible & responsive and made everything seamlessly easy for me throughout the process. I highly recommend Shirley and her team of professionals for any similar real estate needs. "
- Sanchez
