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<!-- DFIN ActiveDisclosure(SM) XBRL Linkbase Document - http://www.dfinsolutions.com/ -->
<!-- Creation Date      : 2019-07-30T14:08:48.4243803+00:00 -->
<!-- Version            : 3.6.7137.36680 -->
<!-- Package ID         : f0ca0fbdea374d37ab58e74ea1f1b9ca -->
<!-- Copyright (c) 2019 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
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    <link:label xml:lang="en-US" xlink:label="nxrt_DocumentAndEntityInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Document and entity information.</link:label>
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    <link:label xml:lang="en-US" xlink:label="nxrt_DocumentAndEntityInformationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document And Entity Information [Abstract]</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Year Focus</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalYearFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Fiscal Year Focus</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Fiscal Period Focus</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
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    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Current Fiscal Year End Date</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Current Fiscal Year End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityFilerCategory" xlink:type="locator" xlink:label="dei_EntityFilerCategory" />
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntitySmallBusiness" xlink:type="locator" xlink:label="dei_EntitySmallBusiness" />
    <link:label xml:lang="en-US" xlink:label="dei_EntitySmallBusiness_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Small Business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" />
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityExTransitionPeriod" xlink:type="locator" xlink:label="dei_EntityExTransitionPeriod" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityExTransitionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Ex Transition Period</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Common Stock, Shares Outstanding</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:type="locator" xlink:label="dei_EntityCurrentReportingStatus" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Current Reporting Status</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityCurrentReportingStatus_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Current Reporting Status</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityShellCompany" xlink:type="locator" xlink:label="dei_EntityShellCompany" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityShellCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Shell Company</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityShellCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Shell Company</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
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    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_IntangibleLeaseAssetsGross" xlink:type="locator" xlink:label="nxrt_IntangibleLeaseAssetsGross" />
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible lease assets gross.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_IntangibleLeaseAssetsGross" xlink:to="nxrt_IntangibleLeaseAssetsGross_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FurnitureFixturesAndEquipmentGross" xlink:type="locator" xlink:label="nxrt_FurnitureFixturesAndEquipmentGross" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture, fixtures, and equipment, gross.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FurnitureFixturesAndEquipmentGross" xlink:to="nxrt_FurnitureFixturesAndEquipmentGross_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MortgagePayablesNetDeferredFinancingCostsNet" xlink:type="locator" xlink:label="nxrt_MortgagePayablesNetDeferredFinancingCostsNet" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MortgagePayablesNetDeferredFinancingCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgage payables net deferred financing costs net.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MortgagePayablesNetDeferredFinancingCostsNet" xlink:to="nxrt_MortgagePayablesNetDeferredFinancingCostsNet_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MortgagesPayableHeldForSaleNetOfDeferredFinancingCost" xlink:type="locator" xlink:label="nxrt_MortgagesPayableHeldForSaleNetOfDeferredFinancingCost" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MortgagesPayableHeldForSaleNetOfDeferredFinancingCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mortgages payable held for sale net of deferred financing cost..</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MortgagesPayableHeldForSaleNetOfDeferredFinancingCost" xlink:to="nxrt_MortgagesPayableHeldForSaleNetOfDeferredFinancingCost_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:type="locator" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Of Financial Position [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AssetsAbstract" xlink:type="locator" xlink:label="us-gaap_AssetsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AssetsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentsAbstract" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestmentsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Real Estate Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentsAbstract" xlink:to="us-gaap_RealEstateInvestmentsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investments [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Land" xlink:type="locator" xlink:label="us-gaap_Land" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Land_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Land" xlink:to="us-gaap_Land_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Land_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Land</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:type="locator" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings and improvements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:to="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Building And Building Improvements</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible lease assets</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Assets Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ConstructionInProgressGross" xlink:type="locator" xlink:label="us-gaap_ConstructionInProgressGross" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction in progress</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressGross" xlink:to="us-gaap_ConstructionInProgressGross_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction In Progress Gross</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, fixtures, and equipment</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Furniture Fixtures And Equipment Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Gross Operating Real Estate Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAtCost" xlink:to="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property At Cost</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Accumulated depreciation and amortization</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property Accumulated Depreciation And Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestmentPropertyNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Net Operating Real Estate Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investment Property Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateHeldforsale" xlink:type="locator" xlink:label="us-gaap_RealEstateHeldforsale" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate held for sale, net of accumulated depreciation of $33,305 and $897, respectively</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldforsale" xlink:to="us-gaap_RealEstateHeldforsale_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Heldforsale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestments" xlink:type="locator" xlink:label="us-gaap_RealEstateInvestments" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Net Real Estate Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestments" xlink:to="us-gaap_RealEstateInvestments_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestments_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="locator" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cash And Cash Equivalents At Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:type="locator" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Restricted Cash And Cash Equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:type="locator" xlink:label="us-gaap_AccountsReceivableNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounts receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNet" xlink:to="us-gaap_AccountsReceivableNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccountsReceivableNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounts Receivable Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:type="locator" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid and other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseAndOtherAssets" xlink:to="us-gaap_PrepaidExpenseAndOtherAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PrepaidExpenseAndOtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Prepaid Expense And Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestRateFairValueHedgeAssetAtFairValue" xlink:type="locator" xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair market value of interest rate swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateFairValueHedgeAssetAtFairValue" xlink:to="us-gaap_InterestRateFairValueHedgeAssetAtFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Fair Value Hedge Asset At Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Assets" xlink:type="locator" xlink:label="us-gaap_Assets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">TOTAL ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Assets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIABILITIES AND STOCKHOLDERS&apos; EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities And Stockholders Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:type="locator" xlink:label="us-gaap_LiabilitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MortgagePayablesNetDeferredFinancingCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages payable, net</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MortgagePayablesNetDeferredFinancingCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Payables Net Deferred Financing Costs Net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue" xlink:type="locator" xlink:label="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Liabilities" xlink:type="locator" xlink:label="us-gaap_Liabilities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Liabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:type="locator" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:type="locator" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Stock Par Or Stated Value Per Share</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PropertyManagementFees" xlink:type="locator" xlink:label="nxrt_PropertyManagementFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyManagementFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Property management fees.</link:label>
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyAdvisoryAndAdministrativeFees" xlink:type="locator" xlink:label="nxrt_RelatedPartyAdvisoryAndAdministrativeFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyAdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party advisory and administrative fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyAdvisoryAndAdministrativeFees" xlink:to="nxrt_RelatedPartyAdvisoryAndAdministrativeFees_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CorporateGeneralAndAdministrativeExpenses" xlink:type="locator" xlink:label="nxrt_CorporateGeneralAndAdministrativeExpenses" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Corporate general and administrative expenses.</link:label>
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LossOnExtinguishmentOfDebtAndModificationCosts" xlink:type="locator" xlink:label="nxrt_LossOnExtinguishmentOfDebtAndModificationCosts" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LossOnExtinguishmentOfDebtAndModificationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loss on extinguishment of debt and modification costs.</link:label>
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ComprehensiveIncomeAttributableToRedeemableNonControllingInterestsInOperatingPartnership" xlink:type="locator" xlink:label="nxrt_ComprehensiveIncomeAttributableToRedeemableNonControllingInterestsInOperatingPartnership" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ComprehensiveIncomeAttributableToRedeemableNonControllingInterestsInOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Comprehensive income attributable to redeemable non controlling interests in operating partnership.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:type="locator" xlink:label="us-gaap_IncomeStatementAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RevenuesAbstract" xlink:type="locator" xlink:label="us-gaap_RevenuesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RevenuesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenues [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:type="locator" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue" xlink:to="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingLeasesIncomeStatementLeaseRevenue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Leases Income Statement Lease Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherIncome" xlink:type="locator" xlink:label="us-gaap_OtherIncome" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Revenues" xlink:type="locator" xlink:label="us-gaap_Revenues" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Revenues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingExpensesAbstract" xlink:type="locator" xlink:label="us-gaap_OperatingExpensesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpensesAbstract" xlink:to="us-gaap_OperatingExpensesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Expenses [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:type="locator" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Direct Costs Of Leased And Rented Property Or Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateTaxesAndInsurance" xlink:type="locator" xlink:label="us-gaap_RealEstateTaxesAndInsurance" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateTaxesAndInsurance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real estate taxes and insurance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateTaxesAndInsurance" xlink:to="us-gaap_RealEstateTaxesAndInsurance_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateTaxesAndInsurance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Taxes And Insurance</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyManagementFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property management fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyManagementFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Management Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyAdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyAdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Advisory And Administrative Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate general and administrative expenses</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateGeneralAndAdministrativeExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corporate General And Administrative Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator" xlink:label="us-gaap_GeneralAndAdministrativeExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property general and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">General And Administrative Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:type="locator" xlink:label="us-gaap_DepreciationAndAmortization" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation And Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CostsAndExpenses" xlink:type="locator" xlink:label="us-gaap_CostsAndExpenses" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Total expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpenses" xlink:to="us-gaap_CostsAndExpenses_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CostsAndExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Costs And Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges" xlink:type="locator" xlink:label="us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating income before gain on sales of real estate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges" xlink:to="us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainsLossesOnSalesOfInvestmentRealEstate" xlink:type="locator" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Gain on sales of real estate</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Gains Losses On Sales Of Investment Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:type="locator" xlink:label="us-gaap_OperatingIncomeLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Income Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestExpense" xlink:type="locator" xlink:label="us-gaap_InterestExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LossOnExtinguishmentOfDebtAndModificationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Loss on extinguishment of debt and modification costs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LossOnExtinguishmentOfDebtAndModificationCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss On Extinguishment Of Debt And Modification Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProfitLoss" xlink:type="locator" xlink:label="us-gaap_ProfitLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Profit Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable" xlink:type="locator" xlink:label="us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLoss" xlink:type="locator" xlink:label="us-gaap_NetIncomeLoss" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) attributable to common stockholders</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross" xlink:type="locator" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsCommonStock" xlink:type="locator" xlink:label="us-gaap_DividendsCommonStock" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Loss Net Of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinorityInterestChangeInRedemptionValue" xlink:type="locator" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:type="locator" xlink:label="us-gaap_CommonStockDividendsPerShareDeclared" />
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NetCashReceivedOnDerivativeSettlements" xlink:type="locator" xlink:label="nxrt_NetCashReceivedOnDerivativeSettlements" />
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebt" xlink:type="locator" xlink:label="nxrt_AmortizationAndWriteOffOfFairMarketValueAdjustmentOfAssumedDebt" />
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PrepaidAcquisitionCosts" xlink:type="locator" xlink:label="nxrt_PrepaidAcquisitionCosts" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Operating Activities [Abstract]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Gain on sales of real estate</link:label>
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    <link:label xml:lang="en-US" xlink:label="nxrt_ChangeInFairValueOnDerivativeInstrumentsIncludedInterestExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Change in fair value on derivative instruments included in interest expense</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensation" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating liabilities</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Increase Decrease In Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by operating activities</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures" xlink:type="locator" xlink:label="us-gaap_ProceedsFromRealEstateAndRealEstateJointVentures" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets" xlink:type="locator" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:type="locator" xlink:label="us-gaap_PaymentsToAcquireRealEstate" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstate" xlink:to="us-gaap_PaymentsToAcquireRealEstate_lbl" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cash flows from financing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage proceeds received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Issuance Of Secured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfSecuredDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Mortgage payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredDebt" xlink:to="us-gaap_RepaymentsOfSecuredDebt_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfSecuredDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Secured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:type="locator" xlink:label="us-gaap_ProceedsFromLinesOfCredit" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit facilities proceeds received</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromLinesOfCredit" xlink:to="us-gaap_ProceedsFromLinesOfCredit_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Lines Of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfShortTermDebt" xlink:type="locator" xlink:label="us-gaap_RepaymentsOfShortTermDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfShortTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Bridge facility payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfShortTermDebt" xlink:to="us-gaap_RepaymentsOfShortTermDebt_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RepaymentsOfShortTermDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Repayments Of Short Term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:type="locator" xlink:label="us-gaap_PaymentsOfFinancingCosts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred financing costs paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfFinancingCosts" xlink:to="us-gaap_PaymentsOfFinancingCosts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfFinancingCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments Of Financing Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" xlink:type="locator" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Interest rate cap fees paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities" xlink:to="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForDerivativeInstrumentFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Derivative Instrument Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:type="locator" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Proceeds from the issuance of common shares through at-the-market offering, net of offering costs</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Proceeds From Issuance Of Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:type="locator" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Payments for taxes related to net share settlement of stock-based compensation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation" xlink:to="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments Related To Tax Withholding For Share Based Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Repurchase of common stock</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments For Repurchase Of Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:type="locator" xlink:label="us-gaap_PaymentsOfDividendsCommonStock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfDividendsCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividends paid to common stockholders</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net cash provided by (used in) financing activities</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Cash Provided By Used In Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:type="locator" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" />
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PrepaymentPenaltiesPaid" xlink:type="locator" xlink:label="nxrt_PrepaymentPenaltiesPaid" />
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits" xlink:type="locator" xlink:label="nxrt_IncreaseInDividendsPayableUponVestingOfRestrictedStockUnits" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Credit Facility</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock" xlink:to="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Line Of Credit Facilities [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Debt Maturities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Maturities Of Long Term Debt Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Company&apos;s Outstanding Interest Rate Swaps</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock" xlink:to="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Interest Rate Derivatives Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Outstanding Interest Rate Derivatives</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:to="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Notional Amounts Of Outstanding Derivative Positions Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Derivative Financial Instruments and Classification on the Consolidated Balance Sheet</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Derivative Financial Instruments on Consolidated Statements of Operations and Comprehensive Income (Loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Restricted Stock Units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Sharebased Compensation Restricted Stock And Restricted Stock Units Activity Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Earnings Per Share Basic And Diluted Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:type="locator" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule of Redeemable Noncontrolling Interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:to="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Redeemable Noncontrolling Interest Table [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Fees Incurred to BH And Its Affiliates As Well As Reimbursements Paid to BH</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Related Party Transactions Table [Text Block]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock" xlink:type="locator" xlink:label="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule for acquisition of residence property.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock" xlink:to="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Acquired Properties</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForAcquisitionOfResidencePropertyTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule For Acquisition Of Residence Property Table [Text Block]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock" xlink:type="locator" xlink:label="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Schedule for sale of real estate properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock" xlink:to="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary of Sale Properties</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ScheduleForSaleOfRealEstatePropertiesTableTextBlock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule For Sale Of Real Estate Properties Table [Text Block]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfOwnershipInPortfolio" xlink:type="locator" xlink:label="nxrt_PercentageOfOwnershipInPortfolio" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInPortfolio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of ownership in portfolio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfOwnershipInPortfolio" xlink:to="nxrt_PercentageOfOwnershipInPortfolio_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LimitedPartnerUnitsOwned" xlink:type="locator" xlink:label="nxrt_LimitedPartnerUnitsOwned" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitedPartnerUnitsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Limited partner units owned.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LimitedPartnerUnitsOwned" xlink:to="nxrt_LimitedPartnerUnitsOwned_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Real Estate Properties [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRealEstatePropertiesTable" xlink:to="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRealEstatePropertiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Real Estate Properties [Table]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_LegalEntityAxis" xlink:type="locator" xlink:label="dei_LegalEntityAxis" />
    <link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Legal Entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LegalEntityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityDomain" xlink:type="locator" xlink:label="dei_EntityDomain" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OperatingPartnershipMember" xlink:type="locator" xlink:label="nxrt_OperatingPartnershipMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPartnershipMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OperatingPartnershipMember" xlink:to="nxrt_OperatingPartnershipMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPartnershipMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OP</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPartnershipMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Partnership [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TRSMember" xlink:type="locator" xlink:label="nxrt_TRSMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TRSMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">TRS.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TRSMember" xlink:to="nxrt_TRSMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TRSMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">TRS</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TRSMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">T R S [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NoncontrollingLimitedPartnerMember" xlink:type="locator" xlink:label="nxrt_NoncontrollingLimitedPartnerMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NoncontrollingLimitedPartnerMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Noncontrolling limited partner.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NoncontrollingLimitedPartnerMember" xlink:to="nxrt_NoncontrollingLimitedPartnerMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NoncontrollingLimitedPartnerMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Noncontrolling Limited Partner</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NoncontrollingLimitedPartnerMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Noncontrolling Limited Partner [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_OwnershipAxis" xlink:type="locator" xlink:label="srt_OwnershipAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_OwnershipAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipAxis" xlink:to="srt_OwnershipAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_OwnershipAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_OwnershipDomain" xlink:type="locator" xlink:label="srt_OwnershipDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_OwnershipDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Ownership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipDomain" xlink:to="srt_OwnershipDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_OwnershipDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ownership [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BHEquityMember" xlink:type="locator" xlink:label="nxrt_BHEquityMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHEquityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">BH Equity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BHEquityMember" xlink:to="nxrt_BHEquityMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHEquityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">B H Equity</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BHEquityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">B H Equity [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstatePropertiesLineItems" xlink:type="locator" xlink:label="us-gaap_RealEstatePropertiesLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate Properties [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstatePropertiesLineItems" xlink:to="us-gaap_RealEstatePropertiesLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstatePropertiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Properties [Line Items]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityIncorporationDateOfIncorporation" xlink:type="locator" xlink:label="dei_EntityIncorporationDateOfIncorporation" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationDateOfIncorporation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of incorporation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationDateOfIncorporation" xlink:to="dei_EntityIncorporationDateOfIncorporation_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationDateOfIncorporation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation Date Of Incorporation</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInPortfolio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of ownership in portfolio</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInPortfolio_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Ownership In Portfolio</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UnitsOfPartnershipInterestAmount" xlink:type="locator" xlink:label="us-gaap_UnitsOfPartnershipInterestAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnitsOfPartnershipInterestAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OP Units, outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnitsOfPartnershipInterestAmount" xlink:to="us-gaap_UnitsOfPartnershipInterestAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnitsOfPartnershipInterestAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Units Of Partnership Interest Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitedPartnerUnitsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">OP Units owned</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitedPartnerUnitsOwned_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limited Partner Units Owned</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:type="locator" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of OP Units, outstanding owned by company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limited Liability Company L L C Or Limited Partnership L P Managing Member Or General Partner Ownership Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:type="locator" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of OP Units, outstanding owned by noncontrolling limited partner</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest" xlink:to="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limited Liability Company L L C Or Limited Partnership L P Members Or Limited Partners Ownership Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Property Plant And Equipment [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Property Plant And Equipment [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment, Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment By Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property, Plant and Equipment, Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LandMember" xlink:type="locator" xlink:label="us-gaap_LandMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandMember" xlink:to="us-gaap_LandMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Land [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BuildingMember" xlink:type="locator" xlink:label="us-gaap_BuildingMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BuildingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Buildings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingMember" xlink:to="us-gaap_BuildingMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BuildingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Building [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BuildingImprovementsMember" xlink:type="locator" xlink:label="us-gaap_BuildingImprovementsMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Improvements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingImprovementsMember" xlink:to="us-gaap_BuildingImprovementsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Building Improvements [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FurnitureFixturesAndEquipmentMember" xlink:type="locator" xlink:label="nxrt_FurnitureFixturesAndEquipmentMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Furniture fixtures and equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FurnitureFixturesAndEquipmentMember" xlink:to="nxrt_FurnitureFixturesAndEquipmentMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Furniture, Fixtures, and Equipment</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FurnitureFixturesAndEquipmentMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Furniture Fixtures And Equipment [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_IntangibleLeaseAssetsMember" xlink:type="locator" xlink:label="nxrt_IntangibleLeaseAssetsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Intangible lease assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_IntangibleLeaseAssetsMember" xlink:to="nxrt_IntangibleLeaseAssetsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Intangible Lease Assets</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_IntangibleLeaseAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Intangible Lease Assets [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property Plant And Equipment [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated useful lives of assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives" xlink:to="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Estimated Useful Lives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Estimated useful lives of assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Plant And Equipment Useful Life</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPropertiesHeldForSale" xlink:type="locator" xlink:label="nxrt_NumberOfPropertiesHeldForSale" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPropertiesHeldForSale" xlink:to="nxrt_NumberOfPropertiesHeldForSale_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SummaryOfSignificantAccountingPoliciesLineItems" xlink:type="locator" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesLineItems" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of significant accounting policies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SummaryOfSignificantAccountingPoliciesLineItems" xlink:to="nxrt_SummaryOfSignificantAccountingPoliciesLineItems_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SummaryOfSignificantAccountingPoliciesTable" xlink:type="locator" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesTable" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summary of significant accounting policies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SummaryOfSignificantAccountingPoliciesTable" xlink:to="nxrt_SummaryOfSignificantAccountingPoliciesTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary Of Significant Accounting Policies [Table]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Significant Accounting Policies [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:type="locator" xlink:label="us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long Lived Assets Held-for-sale by Asset Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis" xlink:to="us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsHeldForSaleByAssetTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Lived Assets Held For Sale By Asset Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:type="locator" xlink:label="us-gaap_LongLivedAssetsHeldForSaleNameDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsHeldForSaleNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long Lived Assets Held-for-sale, Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongLivedAssetsHeldForSaleNameDomain" xlink:to="us-gaap_LongLivedAssetsHeldForSaleNameDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongLivedAssetsHeldForSaleNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Long Lived Assets Held For Sale Name [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_HeldForSaleMember" xlink:type="locator" xlink:label="nxrt_HeldForSaleMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_HeldForSaleMember" xlink:to="nxrt_HeldForSaleMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Held for Sale</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_HeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Held For Sale [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RangeAxis" xlink:type="locator" xlink:label="srt_RangeAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RangeMember" xlink:type="locator" xlink:label="srt_RangeMember" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Range</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RangeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Range [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MinimumMember" xlink:type="locator" xlink:label="srt_MinimumMember" />
    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MinimumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MaximumMember" xlink:type="locator" xlink:label="srt_MaximumMember" />
    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MaximumMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:type="locator" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustments for New Accounting Pronouncements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:to="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Adjustments For New Accounting Pronouncements [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:type="locator" xlink:label="us-gaap_TypeOfAdoptionMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Type of Adoption</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TypeOfAdoptionMember" xlink:to="us-gaap_TypeOfAdoptionMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TypeOfAdoptionMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Type Of Adoption [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountingStandardsUpdate201712Member" xlink:type="locator" xlink:label="us-gaap_AccountingStandardsUpdate201712Member" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccountingStandardsUpdate201712Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accounting Standards Update 2017-12</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingStandardsUpdate201712Member" xlink:to="us-gaap_AccountingStandardsUpdate201712Member_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccountingStandardsUpdate201712Member_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accounting Standards Update201712 [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summary Of Significant Accounting Policies [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summary Of Significant Accounting Policies [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties held for sale</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Held For Sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssets" xlink:type="locator" xlink:label="us-gaap_OtherAssets" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherLiabilities" xlink:type="locator" xlink:label="us-gaap_OtherLiabilities" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherLiabilities_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Liabilities</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT" xlink:type="locator" xlink:label="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Minimum percentage of distributed taxable income to qualify as REIT.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT" xlink:to="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution" xlink:type="locator" xlink:label="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of non-deductible excise tax on distribution.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution" xlink:to="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution" xlink:type="locator" xlink:label="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of ordinary income considered for payment of distribution.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution" xlink:to="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution" xlink:type="locator" xlink:label="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of capital gain net income considered for payment of distribution.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution" xlink:to="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution" xlink:type="locator" xlink:label="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of undistributed income of prior considered for payment of distribution.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution" xlink:to="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minimum percentage of distributed taxable income to qualify as REIT</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MinimumPercentageOfDistributedTaxableIncomeToQualifyAsREIT_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minimum Percentage Of Distributed Taxable Income To Qualify As R E I T</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of non-deductible excise tax on distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNonDeductibleExciseTaxOnDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Non Deductible Excise Tax On Distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of ordinary income considered for payment of distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOrdinaryIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Ordinary Income Considered For Payment Of Distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of capital gain net income considered for payment of distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfCapitalGainNetIncomeConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Capital Gain Net Income Considered For Payment Of Distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of undistributed income of prior considered for payment of distribution</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfUndistributedIncomeOfPriorConsideredForPaymentOfDistribution_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Undistributed Income Of Prior Considered For Payment Of Distribution</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained" xlink:type="locator" xlink:label="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Threshold percentage of uncertain tax positions likelihood of being sustained.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained" xlink:to="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of uncertain tax positions likelihood of being sustained</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPercentageOfUncertainTaxPositionsLikelihoodOfBeingSustained_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Threshold Percentage Of Uncertain Tax Positions Likelihood Of Being Sustained</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:type="locator" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Unrecognized tax benefit or expense, accrued interest or penalties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued" xlink:to="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ThresholdPublicFloatLimitForTransitionPeriod" xlink:type="locator" xlink:label="nxrt_ThresholdPublicFloatLimitForTransitionPeriod" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPublicFloatLimitForTransitionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Threshold public float limit for transition period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ThresholdPublicFloatLimitForTransitionPeriod" xlink:to="nxrt_ThresholdPublicFloatLimitForTransitionPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPublicFloatLimitForTransitionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Threshold public float limit for transition period</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ThresholdPublicFloatLimitForTransitionPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Threshold Public Float Limit For Transition Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:type="locator" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Increase to OCI due to reclassification adjustment from AOCI on derivatives</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Comprehensive Income Loss Reclassification Adjustment From A O C I On Derivatives Net Of Tax</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary" xlink:type="locator" xlink:label="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Ownership percentage of wholly owned subsidiary.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary" xlink:to="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Consolidated investment in SPEs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Ownership Percentage Of Wholly Owned Subsidiary</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfWhollyOwnedSubsidiaries" xlink:type="locator" xlink:label="nxrt_NumberOfWhollyOwnedSubsidiaries" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfWhollyOwnedSubsidiaries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of wholly owned subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfWhollyOwnedSubsidiaries" xlink:to="nxrt_NumberOfWhollyOwnedSubsidiaries_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfWhollyOwnedSubsidiaries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of wholly owned subsidiaries</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfWhollyOwnedSubsidiaries_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Wholly Owned Subsidiaries</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_YearOfAcquisition" xlink:type="locator" xlink:label="nxrt_YearOfAcquisition" />
    <link:label xml:lang="en-US" xlink:label="nxrt_YearOfAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Year of acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_YearOfAcquisition" xlink:to="nxrt_YearOfAcquisition_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems" xlink:type="locator" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wholly owned subsidiaries and variable interest entities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems" xlink:to="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable" xlink:type="locator" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Wholly owned subsidiaries and variable interest entities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable" xlink:to="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wholly Owned Subsidiaries And Variable Interest Entities [Table]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wholly Owned Subsidiaries And Variable Interest Entities [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:type="locator" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Name of Property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Description Of Property [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:type="locator" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Name of Property</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain" xlink:to="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Name Of Property [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ArborsOnForestRidgeMember" xlink:type="locator" xlink:label="nxrt_ArborsOnForestRidgeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ArborsOnForestRidgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Arbors on forest ridge.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ArborsOnForestRidgeMember" xlink:to="nxrt_ArborsOnForestRidgeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ArborsOnForestRidgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Arbors on Forest Ridge</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ArborsOnForestRidgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Arbors On Forest Ridge [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CuttersPointMember" xlink:type="locator" xlink:label="nxrt_CuttersPointMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CuttersPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cutter&apos;s point.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CuttersPointMember" xlink:to="nxrt_CuttersPointMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CuttersPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cutter&apos;s Point</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CuttersPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cutters Point [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_EagleCrestMember" xlink:type="locator" xlink:label="nxrt_EagleCrestMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EagleCrestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Eagle crest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_EagleCrestMember" xlink:to="nxrt_EagleCrestMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EagleCrestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Eagle Crest</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_EagleCrestMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Eagle Crest [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SilverbrookMember" xlink:type="locator" xlink:label="nxrt_SilverbrookMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SilverbrookMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Silverbrook.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SilverbrookMember" xlink:to="nxrt_SilverbrookMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SilverbrookMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Silverbrook</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SilverbrookMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Silverbrook [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_EdgewaterAtSandySpringsMember" xlink:type="locator" xlink:label="nxrt_EdgewaterAtSandySpringsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EdgewaterAtSandySpringsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Edgewater at sandy springs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_EdgewaterAtSandySpringsMember" xlink:to="nxrt_EdgewaterAtSandySpringsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EdgewaterAtSandySpringsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Edgewater at Sandy Springs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_EdgewaterAtSandySpringsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Edgewater At Sandy Springs [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BeechwoodTerraceMember" xlink:type="locator" xlink:label="nxrt_BeechwoodTerraceMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BeechwoodTerraceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Beechwood terrace.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BeechwoodTerraceMember" xlink:to="nxrt_BeechwoodTerraceMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BeechwoodTerraceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Beechwood Terrace</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BeechwoodTerraceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Beechwood Terrace [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WillowGroveMember" xlink:type="locator" xlink:label="nxrt_WillowGroveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WillowGroveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Willow grove.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WillowGroveMember" xlink:to="nxrt_WillowGroveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WillowGroveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Willow Grove</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WillowGroveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Willow Grove [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WoodbridgeMember" xlink:type="locator" xlink:label="nxrt_WoodbridgeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WoodbridgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Woodbridge.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WoodbridgeMember" xlink:to="nxrt_WoodbridgeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WoodbridgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Woodbridge</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WoodbridgeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Woodbridge [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AbbingtonHeightsMember" xlink:type="locator" xlink:label="nxrt_AbbingtonHeightsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AbbingtonHeightsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Abbington heights.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AbbingtonHeightsMember" xlink:to="nxrt_AbbingtonHeightsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AbbingtonHeightsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Abbington Heights</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AbbingtonHeightsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Abbington Heights [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheSummitAtSabalParkMember" xlink:type="locator" xlink:label="nxrt_TheSummitAtSabalParkMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheSummitAtSabalParkMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The summit at Sabal park.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheSummitAtSabalParkMember" xlink:to="nxrt_TheSummitAtSabalParkMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheSummitAtSabalParkMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Summit at Sabal Park</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheSummitAtSabalParkMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Summit At Sabal Park [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CourtneyCoveMember" xlink:type="locator" xlink:label="nxrt_CourtneyCoveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CourtneyCoveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Courtney cove.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CourtneyCoveMember" xlink:to="nxrt_CourtneyCoveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CourtneyCoveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Courtney Cove</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CourtneyCoveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Courtney Cove [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RadbourneLakeMember" xlink:type="locator" xlink:label="nxrt_RadbourneLakeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RadbourneLakeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Radbourne lake.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RadbourneLakeMember" xlink:to="nxrt_RadbourneLakeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RadbourneLakeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Radbourne Lake</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RadbourneLakeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Radbourne Lake [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TimberCreekMember" xlink:type="locator" xlink:label="nxrt_TimberCreekMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TimberCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Timber creek.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TimberCreekMember" xlink:to="nxrt_TimberCreekMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TimberCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Timber Creek</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TimberCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Timber Creek [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BelmontAtDuckCreekMember" xlink:type="locator" xlink:label="nxrt_BelmontAtDuckCreekMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BelmontAtDuckCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Belmont at duck creek.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BelmontAtDuckCreekMember" xlink:to="nxrt_BelmontAtDuckCreekMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BelmontAtDuckCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Belmont at Duck Creek</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BelmontAtDuckCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Belmont At Duck Creek [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SabalPalmAtLakeBuenaVistaMember" xlink:type="locator" xlink:label="nxrt_SabalPalmAtLakeBuenaVistaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SabalPalmAtLakeBuenaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sabal palm at lake Buena vista.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SabalPalmAtLakeBuenaVistaMember" xlink:to="nxrt_SabalPalmAtLakeBuenaVistaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SabalPalmAtLakeBuenaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sabal Palm at Lake Buena Vista</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SabalPalmAtLakeBuenaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sabal Palm At Lake Buena Vista [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SouthpointReserveAtStoneyCreekMember" xlink:type="locator" xlink:label="nxrt_SouthpointReserveAtStoneyCreekMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SouthpointReserveAtStoneyCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Southpoint reserve at Stoney creek.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SouthpointReserveAtStoneyCreekMember" xlink:to="nxrt_SouthpointReserveAtStoneyCreekMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SouthpointReserveAtStoneyCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Southpoint Reserve at Stoney Creek</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SouthpointReserveAtStoneyCreekMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Southpoint Reserve At Stoney Creek [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CornerstoneMember" xlink:type="locator" xlink:label="nxrt_CornerstoneMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CornerstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cornerstone.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CornerstoneMember" xlink:to="nxrt_CornerstoneMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CornerstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cornerstone</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CornerstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cornerstone [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ThePreserveAtTerrellMillMember" xlink:type="locator" xlink:label="nxrt_ThePreserveAtTerrellMillMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePreserveAtTerrellMillMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The preserve at Terrell mill.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ThePreserveAtTerrellMillMember" xlink:to="nxrt_ThePreserveAtTerrellMillMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePreserveAtTerrellMillMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Preserve at Terrell Mill</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePreserveAtTerrellMillMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Preserve At Terrell Mill [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheAshlarMember" xlink:type="locator" xlink:label="nxrt_TheAshlarMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheAshlarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The ashlar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheAshlarMember" xlink:to="nxrt_TheAshlarMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheAshlarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Ashlar</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheAshlarMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Ashlar [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_HeatherstoneMember" xlink:type="locator" xlink:label="nxrt_HeatherstoneMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeatherstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Heatherstone.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_HeatherstoneMember" xlink:to="nxrt_HeatherstoneMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeatherstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Heatherstone</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_HeatherstoneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Heatherstone [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_VersaillesMember" xlink:type="locator" xlink:label="nxrt_VersaillesMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_VersaillesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Versailles.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_VersaillesMember" xlink:to="nxrt_VersaillesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_VersaillesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Versailles</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_VersaillesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Versailles [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SeasonsSevenZeroFourApartmentsMember" xlink:type="locator" xlink:label="nxrt_SeasonsSevenZeroFourApartmentsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SeasonsSevenZeroFourApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Seasons seven zero four apartments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SeasonsSevenZeroFourApartmentsMember" xlink:to="nxrt_SeasonsSevenZeroFourApartmentsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SeasonsSevenZeroFourApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Seasons 704 Apartments</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SeasonsSevenZeroFourApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Seasons Seven Zero Four Apartments [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MaderaPointMember" xlink:type="locator" xlink:label="nxrt_MaderaPointMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MaderaPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Madera Point.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MaderaPointMember" xlink:to="nxrt_MaderaPointMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MaderaPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Madera Point</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MaderaPointMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Madera Point [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ThePointeAtFoothillsMember" xlink:type="locator" xlink:label="nxrt_ThePointeAtFoothillsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePointeAtFoothillsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The Pointe at the Foothills.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ThePointeAtFoothillsMember" xlink:to="nxrt_ThePointeAtFoothillsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePointeAtFoothillsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Pointe at the Foothills</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ThePointeAtFoothillsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Pointe At Foothills [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_VenueAtEightSixFiveOneMember" xlink:type="locator" xlink:label="nxrt_VenueAtEightSixFiveOneMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_VenueAtEightSixFiveOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Venue at eight six five one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_VenueAtEightSixFiveOneMember" xlink:to="nxrt_VenueAtEightSixFiveOneMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_VenueAtEightSixFiveOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Venue at 8651</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_VenueAtEightSixFiveOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Venue At Eight Six Five One [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ParcFiveHundredMember" xlink:type="locator" xlink:label="nxrt_ParcFiveHundredMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ParcFiveHundredMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Parc five hundred.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ParcFiveHundredMember" xlink:to="nxrt_ParcFiveHundredMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ParcFiveHundredMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Parc500</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ParcFiveHundredMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Parc Five Hundred [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheVenueOnCamelbackMember" xlink:type="locator" xlink:label="nxrt_TheVenueOnCamelbackMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheVenueOnCamelbackMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The Venue on Camelback.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheVenueOnCamelbackMember" xlink:to="nxrt_TheVenueOnCamelbackMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheVenueOnCamelbackMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Venue on Camelback</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheVenueOnCamelbackMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Venue On Camelback [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OldFarmMember" xlink:type="locator" xlink:label="nxrt_OldFarmMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Old farm.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OldFarmMember" xlink:to="nxrt_OldFarmMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Old Farm</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Old Farm [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_StoneCreekAtOldFarmMember" xlink:type="locator" xlink:label="nxrt_StoneCreekAtOldFarmMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_StoneCreekAtOldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Stone creek at old farm.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_StoneCreekAtOldFarmMember" xlink:to="nxrt_StoneCreekAtOldFarmMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_StoneCreekAtOldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stone Creek at Old Farm</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_StoneCreekAtOldFarmMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stone Creek At Old Farm [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_HollisterPlaceMember" xlink:type="locator" xlink:label="nxrt_HollisterPlaceMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HollisterPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Hollister Place.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_HollisterPlaceMember" xlink:to="nxrt_HollisterPlaceMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HollisterPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Hollister Place</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_HollisterPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Hollister Place [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RockledgeApartmentsMember" xlink:type="locator" xlink:label="nxrt_RockledgeApartmentsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RockledgeApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Rockledge apartments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RockledgeApartmentsMember" xlink:to="nxrt_RockledgeApartmentsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RockledgeApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rockledge Apartments</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RockledgeApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Rockledge Apartments [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AteraApartmentsMember" xlink:type="locator" xlink:label="nxrt_AteraApartmentsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AteraApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Atera apartments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AteraApartmentsMember" xlink:to="nxrt_AteraApartmentsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AteraApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Atera Apartments</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AteraApartmentsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Atera Apartments [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CedarPointeMember" xlink:type="locator" xlink:label="nxrt_CedarPointeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CedarPointeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Cedar Pointe.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CedarPointeMember" xlink:to="nxrt_CedarPointeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CedarPointeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cedar Pointe</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CedarPointeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cedar Pointe [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CrestmontReserveMember" xlink:type="locator" xlink:label="nxrt_CrestmontReserveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CrestmontReserveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Crestmont Reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CrestmontReserveMember" xlink:to="nxrt_CrestmontReserveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CrestmontReserveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Crestmont Reserve</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CrestmontReserveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Crestmont Reserve [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BrandywineOneAndTwoMember" xlink:type="locator" xlink:label="nxrt_BrandywineOneAndTwoMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BrandywineOneAndTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Brandywine one and two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BrandywineOneAndTwoMember" xlink:to="nxrt_BrandywineOneAndTwoMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BrandywineOneAndTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Brandywine I &amp; II</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BrandywineOneAndTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Brandywine One And Two [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BellaVistaMember" xlink:type="locator" xlink:label="nxrt_BellaVistaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BellaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bella Vista.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BellaVistaMember" xlink:to="nxrt_BellaVistaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BellaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bella Vista</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BellaVistaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bella Vista [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_EnclaveMember" xlink:type="locator" xlink:label="nxrt_EnclaveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Enclave Member</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_EnclaveMember" xlink:to="nxrt_EnclaveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_EnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Enclave</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_EnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Enclave [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_HeritageMember" xlink:type="locator" xlink:label="nxrt_HeritageMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Heritage (Member)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_HeritageMember" xlink:to="nxrt_HeritageMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Heritage</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_HeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Heritage [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SummersLandingMember" xlink:type="locator" xlink:label="nxrt_SummersLandingMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SummersLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Summers landing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SummersLandingMember" xlink:to="nxrt_SummersLandingMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SummersLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Summers Landing</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SummersLandingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Summers Landing [Member]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentGeographicRegionAxis" xlink:type="locator" xlink:label="invest_InvestmentGeographicRegionAxis" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentGeographicRegionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Geographic Region</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentGeographicRegionAxis" xlink:to="invest_InvestmentGeographicRegionAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentGeographicRegionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Geographic Region [Axis]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentGeographicRegionDomain" xlink:type="locator" xlink:label="invest_InvestmentGeographicRegionDomain" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentGeographicRegionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Investment Geographic Region</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentGeographicRegionDomain" xlink:to="invest_InvestmentGeographicRegionDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_InvestmentGeographicRegionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Investment Geographic Region [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BedfordMember" xlink:type="locator" xlink:label="nxrt_BedfordMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BedfordMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Bedford.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BedfordMember" xlink:to="nxrt_BedfordMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BedfordMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Bedford</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BedfordMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Bedford [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RichardsonMember" xlink:type="locator" xlink:label="nxrt_RichardsonMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RichardsonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Richardson.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RichardsonMember" xlink:to="nxrt_RichardsonMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RichardsonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Richardson</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RichardsonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Richardson [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_IrvingMember" xlink:type="locator" xlink:label="nxrt_IrvingMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_IrvingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Irving.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_IrvingMember" xlink:to="nxrt_IrvingMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_IrvingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Irving</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_IrvingMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Irving [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_GrandPrairieMember" xlink:type="locator" xlink:label="nxrt_GrandPrairieMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_GrandPrairieMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Grand Prairie.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_GrandPrairieMember" xlink:to="nxrt_GrandPrairieMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_GrandPrairieMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Grand Prairie</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_GrandPrairieMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Grand Prairie [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AtlantaMember" xlink:type="locator" xlink:label="nxrt_AtlantaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AtlantaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Atlanta.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AtlantaMember" xlink:to="nxrt_AtlantaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AtlantaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Atlanta</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AtlantaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Atlanta [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AntiochMember" xlink:type="locator" xlink:label="nxrt_AntiochMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AntiochMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Antioch.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AntiochMember" xlink:to="nxrt_AntiochMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AntiochMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Antioch</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AntiochMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Antioch [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NashvilleMember" xlink:type="locator" xlink:label="nxrt_NashvilleMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NashvilleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Nashville.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NashvilleMember" xlink:to="nxrt_NashvilleMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NashvilleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Nashville</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NashvilleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Nashville [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TampaMember" xlink:type="locator" xlink:label="nxrt_TampaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TampaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Tampa.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TampaMember" xlink:to="nxrt_TampaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TampaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tampa</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TampaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tampa [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CharlotteMember" xlink:type="locator" xlink:label="nxrt_CharlotteMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CharlotteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Charlotte.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CharlotteMember" xlink:to="nxrt_CharlotteMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CharlotteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Charlotte</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CharlotteMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Charlotte [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_GarlandMember" xlink:type="locator" xlink:label="nxrt_GarlandMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_GarlandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Garland.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_GarlandMember" xlink:to="nxrt_GarlandMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_GarlandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Garland</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_GarlandMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Garland [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OrlandoMember" xlink:type="locator" xlink:label="nxrt_OrlandoMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OrlandoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Orlando.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OrlandoMember" xlink:to="nxrt_OrlandoMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OrlandoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Orlando</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OrlandoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Orlando [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FredericksburgMember" xlink:type="locator" xlink:label="nxrt_FredericksburgMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FredericksburgMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fredericksburg.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FredericksburgMember" xlink:to="nxrt_FredericksburgMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FredericksburgMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fredericksburg</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FredericksburgMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fredericksburg [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MariettaMember" xlink:type="locator" xlink:label="nxrt_MariettaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MariettaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Marietta.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MariettaMember" xlink:to="nxrt_MariettaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MariettaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Marietta</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MariettaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Marietta [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DallasMember" xlink:type="locator" xlink:label="nxrt_DallasMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DallasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Dallas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DallasMember" xlink:to="nxrt_DallasMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DallasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dallas</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DallasMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dallas [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WestPalmBeachMember" xlink:type="locator" xlink:label="nxrt_WestPalmBeachMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WestPalmBeachMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">West palm beach.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WestPalmBeachMember" xlink:to="nxrt_WestPalmBeachMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WestPalmBeachMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">West Palm Beach</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WestPalmBeachMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">West Palm Beach [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MesaMember" xlink:type="locator" xlink:label="nxrt_MesaMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MesaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Mesa.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MesaMember" xlink:to="nxrt_MesaMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MesaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mesa</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MesaMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mesa [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FortWorthMember" xlink:type="locator" xlink:label="nxrt_FortWorthMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FortWorthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fort Worth.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FortWorthMember" xlink:to="nxrt_FortWorthMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FortWorthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fort Worth</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FortWorthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fort Worth [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PhoenixMember" xlink:type="locator" xlink:label="nxrt_PhoenixMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PhoenixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Phoenix.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PhoenixMember" xlink:to="nxrt_PhoenixMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PhoenixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Phoenix</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PhoenixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Phoenix [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_HoustonMember" xlink:type="locator" xlink:label="nxrt_HoustonMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HoustonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Houston.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_HoustonMember" xlink:to="nxrt_HoustonMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_HoustonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Houston</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_HoustonMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Houston [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TempeMember" xlink:type="locator" xlink:label="nxrt_TempeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TempeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Tempe.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TempeMember" xlink:to="nxrt_TempeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TempeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tempe</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TempeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Tempe [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_StatementGeographicalAxis" xlink:type="locator" xlink:label="srt_StatementGeographicalAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_StatementGeographicalAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Geographical [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SegmentGeographicalDomain" xlink:type="locator" xlink:label="srt_SegmentGeographicalDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Geographical</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_SegmentGeographicalDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Segment Geographical [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_TX" xlink:type="locator" xlink:label="stpr_TX" />
    <link:label xml:lang="en-US" xlink:label="stpr_TX_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Texas</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_TX" xlink:to="stpr_TX_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_TX_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">TEXAS</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_GA" xlink:type="locator" xlink:label="stpr_GA" />
    <link:label xml:lang="en-US" xlink:label="stpr_GA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Georgia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_GA" xlink:to="stpr_GA_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_GA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">GEORGIA</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_TN" xlink:type="locator" xlink:label="stpr_TN" />
    <link:label xml:lang="en-US" xlink:label="stpr_TN_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tennessee</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_TN" xlink:to="stpr_TN_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_TN_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">TENNESSEE</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_FL" xlink:type="locator" xlink:label="stpr_FL" />
    <link:label xml:lang="en-US" xlink:label="stpr_FL_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Florida</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_FL" xlink:to="stpr_FL_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_FL_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">FLORIDA</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_NC" xlink:type="locator" xlink:label="stpr_NC" />
    <link:label xml:lang="en-US" xlink:label="stpr_NC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">North Carolina</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_NC" xlink:to="stpr_NC_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_NC_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">NORTH CAROLINA</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_VA" xlink:type="locator" xlink:label="stpr_VA" />
    <link:label xml:lang="en-US" xlink:label="stpr_VA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Virginia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_VA" xlink:to="stpr_VA_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_VA_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">VIRGINIA</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd#stpr_AZ" xlink:type="locator" xlink:label="stpr_AZ" />
    <link:label xml:lang="en-US" xlink:label="stpr_AZ_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Arizona</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_AZ" xlink:to="stpr_AZ_lbl" />
    <link:label xml:lang="en-US" xlink:label="stpr_AZ_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">ARIZONA</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_TN" xlink:type="locator" xlink:label="country_TN" />
    <link:label xml:lang="en-US" xlink:label="country_TN_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Tennessee</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TN" xlink:to="country_TN_lbl" />
    <link:label xml:lang="en-US" xlink:label="country_TN_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">TUNISIA</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Wholly Owned Subsidiaries And Variable Interest Entities [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WhollyOwnedSubsidiariesAndVariableInterestEntitiesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Wholly Owned Subsidiaries And Variable Interest Entities [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_YearOfAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Year of acquisition</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_YearOfAcquisition_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Year Of Acquisition</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OwnershipPercentageOfWhollyOwnedSubsidiary_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective ownership percentage, wholly owned subsidiary</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:type="locator" xlink:label="us-gaap_NumberOfRealEstateProperties" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of multifamily properties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfRealEstateProperties" xlink:to="us-gaap_NumberOfRealEstateProperties_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Real Estate Properties</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RealEstateAverageEffectiveRentPerUnit" xlink:type="locator" xlink:label="nxrt_RealEstateAverageEffectiveRentPerUnit" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateAverageEffectiveRentPerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate average effective rent per unit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RealEstateAverageEffectiveRentPerUnit" xlink:to="nxrt_RealEstateAverageEffectiveRentPerUnit_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PropertyPercentageOccupied" xlink:type="locator" xlink:label="nxrt_PropertyPercentageOccupied" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyPercentageOccupied_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Property percentage occupied.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PropertyPercentageOccupied" xlink:to="nxrt_PropertyPercentageOccupied_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AreaOfRealEstateProperty" xlink:type="locator" xlink:label="us-gaap_AreaOfRealEstateProperty" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Rentable Square Footage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfRealEstateProperty" xlink:to="us-gaap_AreaOfRealEstateProperty_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AreaOfRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Area Of Real Estate Property</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty" xlink:type="locator" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfUnitsInRealEstateProperty" xlink:to="us-gaap_NumberOfUnitsInRealEstateProperty_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Units In Real Estate Property</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationDateAcquired1" xlink:type="locator" xlink:label="srt_RealEstateAndAccumulatedDepreciationDateAcquired1" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDateAcquired1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date Acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RealEstateAndAccumulatedDepreciationDateAcquired1" xlink:to="srt_RealEstateAndAccumulatedDepreciationDateAcquired1_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_RealEstateAndAccumulatedDepreciationDateAcquired1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate And Accumulated Depreciation Date Acquired1</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateAverageEffectiveRentPerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Average Effective Monthly Rent Per Unit</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateAverageEffectiveRentPerUnit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Average Effective Rent Per Unit</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyPercentageOccupied_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">% Occupied</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PropertyPercentageOccupied_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Percentage Occupied</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheColonnadeMember" xlink:type="locator" xlink:label="nxrt_TheColonnadeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheColonnadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The colonnade.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheColonnadeMember" xlink:to="nxrt_TheColonnadeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheColonnadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Colonnade</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheColonnadeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Colonnade [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheEnclaveMember" xlink:type="locator" xlink:label="nxrt_TheEnclaveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheEnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The Encalve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheEnclaveMember" xlink:to="nxrt_TheEnclaveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheEnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Enclave</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheEnclaveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Enclave [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TheHeritageMember" xlink:type="locator" xlink:label="nxrt_TheHeritageMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheHeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">The Heritage.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TheHeritageMember" xlink:to="nxrt_TheHeritageMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TheHeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">The Heritage</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TheHeritageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">The Heritage [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RealEstatePropertiesHeldForSaleMember" xlink:type="locator" xlink:label="nxrt_RealEstatePropertiesHeldForSaleMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstatePropertiesHeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Real estate properties held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RealEstatePropertiesHeldForSaleMember" xlink:to="nxrt_RealEstatePropertiesHeldForSaleMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstatePropertiesHeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Held For Sale Properties</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstatePropertiesHeldForSaleMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Properties Held For Sale [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OperatingPropertiesMember" xlink:type="locator" xlink:label="nxrt_OperatingPropertiesMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Operating properties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OperatingPropertiesMember" xlink:to="nxrt_OperatingPropertiesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Operating Properties</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OperatingPropertiesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Operating Properties [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_BuildingImprovementsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Buildings and Improvements</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ConstructionInProgressMember" xlink:type="locator" xlink:label="us-gaap_ConstructionInProgressMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction in Progress</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConstructionInProgressMember" xlink:to="us-gaap_ConstructionInProgressMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ConstructionInProgressMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Construction In Progress [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets by Major Class</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets By Major Class [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Finite-Lived Intangible Assets, Major Class Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:to="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Major Class Name [Domain]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Real estate investment, gross</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accumulated depreciation and amortization</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RealEstateHeldForSaleAccumulatedDepreciationNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Accumulated depreciation and amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Depreciation" xlink:type="locator" xlink:label="us-gaap_Depreciation" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Depreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Depreciation expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_Depreciation_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Depreciation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AmortizationOfLeasedAsset" xlink:type="locator" xlink:label="us-gaap_AmortizationOfLeasedAsset" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfLeasedAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization expense of intangible lease assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfLeasedAsset" xlink:to="us-gaap_AmortizationOfLeasedAsset_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AmortizationOfLeasedAsset_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amortization Of Leased Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:type="locator" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amortization expense, remainder of year ended December 31, 2019</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear" xlink:to="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPropertiesAcquired" xlink:type="locator" xlink:label="nxrt_NumberOfPropertiesAcquired" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPropertiesAcquired" xlink:to="nxrt_NumberOfPropertiesAcquired_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Acquired</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfUnitsInRealEstatePropertyAcquired" xlink:type="locator" xlink:label="nxrt_NumberOfUnitsInRealEstatePropertyAcquired" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfUnitsInRealEstatePropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of units in real estate property acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfUnitsInRealEstatePropertyAcquired" xlink:to="nxrt_NumberOfUnitsInRealEstatePropertyAcquired_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:type="locator" xlink:label="us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Date of Acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1" xlink:to="us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessAcquisitionEffectiveDateOfAcquisition1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Acquisition Effective Date Of Acquisition1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Purchase Price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination Consideration Transferred1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:type="locator" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage Debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred" xlink:to="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Business Combination Consideration Transferred Liabilities Incurred</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfUnitsInRealEstatePropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of Units</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfUnitsInRealEstatePropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Units In Real Estate Property Acquired</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPropertiesSold" xlink:type="locator" xlink:label="nxrt_NumberOfPropertiesSold" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties sold.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPropertiesSold" xlink:to="nxrt_NumberOfPropertiesSold_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SalesPriceOfPropertyHeldForSale" xlink:type="locator" xlink:label="nxrt_SalesPriceOfPropertyHeldForSale" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SalesPriceOfPropertyHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Sales price of property held for sale.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SalesPriceOfPropertyHeldForSale" xlink:to="nxrt_SalesPriceOfPropertyHeldForSale_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Number of real estate properties sold</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesSold_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Sold</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SalesPriceOfPropertyHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Sales of real estate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SalesPriceOfPropertyHeldForSale_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sales Price Of Property Held For Sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:type="locator" xlink:label="us-gaap_LongtermDebtTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Long-term Debt, Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MortgagesMember" xlink:type="locator" xlink:label="us-gaap_MortgagesMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgages Payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgagesMember" xlink:to="us-gaap_MortgagesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MortgagesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgages [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentNameDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument, Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentNameDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Name [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DebtWithFloatingInterestRateMember" xlink:type="locator" xlink:label="nxrt_DebtWithFloatingInterestRateMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFloatingInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt with floating interest rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DebtWithFloatingInterestRateMember" xlink:to="nxrt_DebtWithFloatingInterestRateMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFloatingInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt With Floating Interest Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFloatingInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt With Floating Interest Rate [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DebtWithFixedInterestRateMember" xlink:type="locator" xlink:label="nxrt_DebtWithFixedInterestRateMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFixedInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Debt with fixed interest rate.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DebtWithFixedInterestRateMember" xlink:to="nxrt_DebtWithFixedInterestRateMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFixedInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt With Fixed Interest Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DebtWithFixedInterestRateMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt With Fixed Interest Rate [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt Instrument [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentTerm" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Term (months)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NonRecourseDebt" xlink:type="locator" xlink:label="us-gaap_NonRecourseDebt" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NonRecourseDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Outstanding Principal</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonRecourseDebt" xlink:to="us-gaap_NonRecourseDebt_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NonRecourseDebt_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Non Recourse Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Interest Rate Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentMaturityDate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maturity Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentMaturityDate" xlink:to="us-gaap_DebtInstrumentMaturityDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentMaturityDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Maturity Date</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FairMarketValueAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair market value adjustment</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FairMarketValueAdjustment_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Market Value Adjustment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:type="locator" xlink:label="us-gaap_DeferredFinanceCostsNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Deferred financing costs, net of accumulated amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Deferred Finance Costs Net</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MortgagePayablesNetDeferredFinancingCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Mortgages payable, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_VariableRateAxis" xlink:type="locator" xlink:label="us-gaap_VariableRateAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateAxis" xlink:to="us-gaap_VariableRateAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_VariableRateDomain" xlink:type="locator" xlink:label="us-gaap_VariableRateDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Variable Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableRateDomain" xlink:to="us-gaap_VariableRateDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VariableRateDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Variable Rate [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:type="locator" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">One-month LIBOR</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:to="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LondonInterbankOfferedRateLIBORMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">London Interbank Offered Rate L I B O R [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:to="srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Description Loan Category [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstateLoanCategoryDomain" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLoanCategoryDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLoanCategoryDomain" xlink:to="srt_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanCategoryDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Loan Category [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ThirteenthMonthThroughEightyOneMonthMember" xlink:type="locator" xlink:label="nxrt_ThirteenthMonthThroughEightyOneMonthMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThirteenthMonthThroughEightyOneMonthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Thirteenth month through eighty one month.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ThirteenthMonthThroughEightyOneMonthMember" xlink:to="nxrt_ThirteenthMonthThroughEightyOneMonthMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ThirteenthMonthThroughEightyOneMonthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">13th month through 81st month</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ThirteenthMonthThroughEightyOneMonthMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Thirteenth Month Through Eighty One Month [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FirstTwelveMonthsMember" xlink:type="locator" xlink:label="nxrt_FirstTwelveMonthsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FirstTwelveMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">First twelve months.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FirstTwelveMonthsMember" xlink:to="nxrt_FirstTwelveMonthsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FirstTwelveMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">First 12 months</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FirstTwelveMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">First Twelve Months [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FirstMortgageMember" xlink:type="locator" xlink:label="us-gaap_FirstMortgageMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FirstMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">First Mortgage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FirstMortgageMember" xlink:to="us-gaap_FirstMortgageMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_FirstMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">First Mortgage [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SecondMortgageMember" xlink:type="locator" xlink:label="us-gaap_SecondMortgageMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SecondMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Second Mortgage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecondMortgageMember" xlink:to="us-gaap_SecondMortgageMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SecondMortgageMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Second Mortgage [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LastFourMonthsMember" xlink:type="locator" xlink:label="nxrt_LastFourMonthsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LastFourMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Last four months.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LastFourMonthsMember" xlink:to="nxrt_LastFourMonthsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LastFourMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Last Four Months</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LastFourMonthsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Last Four Months [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccumulatedAmortizationDeferredFinanceCosts" xlink:type="locator" xlink:label="us-gaap_AccumulatedAmortizationDeferredFinanceCosts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedAmortizationDeferredFinanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Deferred financing costs, net of accumulated amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedAmortizationDeferredFinanceCosts" xlink:to="us-gaap_AccumulatedAmortizationDeferredFinanceCosts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AccumulatedAmortizationDeferredFinanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accumulated Amortization Deferred Finance Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Interest Rate Stated Percentage</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance" xlink:type="locator" xlink:label="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Loan prepayment fee as percentage of unpaid mortgage principal balance.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance" xlink:to="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstatePeriodicPaymentTerms" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage loans payable description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:to="srt_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Periodic Payment Terms</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loan prepayment fee as a percentage of unpaid principal balance</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LoanPrepaymentFeeAsPercentageOfUnpaidMortgagePrincipalBalance_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loan Prepayment Fee As Percentage Of Unpaid Mortgage Principal Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue" xlink:type="locator" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair value of debt assumed upon acquisition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue" xlink:to="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAcquiredDuringPeriodAtAcquisitionAtFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Certain Loans Acquired In Transfer Accounted For As Debt Securities Acquired During Period At Acquisition At Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentPaymentTerms" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentPaymentTerms" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Debt instrument, payment terms</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPaymentTerms" xlink:to="us-gaap_DebtInstrumentPaymentTerms_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentPaymentTerms_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Payment Terms</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstateCollectionsOfPrincipal" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateCollectionsOfPrincipal" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateCollectionsOfPrincipal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquired property mortgage loan principle amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateCollectionsOfPrincipal" xlink:to="srt_MortgageLoansOnRealEstateCollectionsOfPrincipal_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateCollectionsOfPrincipal_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Collections Of Principal</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:type="locator" xlink:label="us-gaap_DebtWeightedAverageInterestRate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Blended pay rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtWeightedAverageInterestRate" xlink:to="us-gaap_DebtWeightedAverageInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Weighted Average Interest Rate</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LongtermDebtWeightedAverageInterestRateAdjusted" xlink:type="locator" xlink:label="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Long term debt weighted average interest rate, adjusted.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted" xlink:to="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints" xlink:type="locator" xlink:label="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints" />
    <link:label xml:lang="en-US" xlink:label="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Weighted average decrease of spread in basis points.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints" xlink:to="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:type="locator" xlink:label="us-gaap_DerivativeInstrumentRiskAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instrument</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentRiskAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instrument Risk [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:type="locator" xlink:label="us-gaap_DerivativeContractTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeContractTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Contract Type [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FloatingInterestRateSwapMember" xlink:type="locator" xlink:label="nxrt_FloatingInterestRateSwapMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FloatingInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Floating interest rate swap.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FloatingInterestRateSwapMember" xlink:to="nxrt_FloatingInterestRateSwapMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FloatingInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Floating Interest Rate Swap</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FloatingInterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Floating Interest Rate Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:type="locator" xlink:label="us-gaap_InterestRateSwapMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateSwapMember" xlink:to="us-gaap_InterestRateSwapMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestRateSwapMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstateLoanTypeAxis" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLoanTypeAxis" xlink:to="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Loan Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_MortgageLoansOnRealEstateLoanTypeDomain" xlink:type="locator" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Loan Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MortgageLoansOnRealEstateLoanTypeDomain" xlink:to="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="srt_MortgageLoansOnRealEstateLoanTypeDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate Loan Type [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember" xlink:type="locator" xlink:label="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Freddie Mac Multifamily Green Advantage program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember" xlink:to="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Freddie Mac Multifamily Green Advantage Program</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FreddieMacMultifamilyGreenAdvantageProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Freddie Mac Multifamily Green Advantage Program [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StatementScenarioAxis" xlink:type="locator" xlink:label="us-gaap_StatementScenarioAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementScenarioAxis" xlink:to="us-gaap_StatementScenarioAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StatementScenarioAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Statement Scenario [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScenarioUnspecifiedDomain" xlink:type="locator" xlink:label="us-gaap_ScenarioUnspecifiedDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario, Unspecified</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioUnspecifiedDomain" xlink:to="us-gaap_ScenarioUnspecifiedDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScenarioUnspecifiedDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Unspecified [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScenarioForecastMember" xlink:type="locator" xlink:label="us-gaap_ScenarioForecastMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Scenario Forecast</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScenarioForecastMember" xlink:to="us-gaap_ScenarioForecastMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScenarioForecastMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Scenario Forecast [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:type="locator" xlink:label="us-gaap_CreditFacilityAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:type="locator" xlink:label="us-gaap_CreditFacilityDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit Facility</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_CreditFacilityDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Credit Facility [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CorporateCreditFacilityMember" xlink:type="locator" xlink:label="nxrt_CorporateCreditFacilityMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Corporate credit facility.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CorporateCreditFacilityMember" xlink:to="nxrt_CorporateCreditFacilityMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Corporate Credit Facility</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CorporateCreditFacilityMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Corporate Credit Facility [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SunTrustBankMember" xlink:type="locator" xlink:label="nxrt_SunTrustBankMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">SunTrust Bank.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SunTrustBankMember" xlink:to="nxrt_SunTrustBankMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">SunTrust Bank</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sun Trust Bank [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AccordionFeatureMember" xlink:type="locator" xlink:label="nxrt_AccordionFeatureMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AccordionFeatureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Accordion feature.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AccordionFeatureMember" xlink:to="nxrt_AccordionFeatureMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AccordionFeatureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Accordion Feature</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AccordionFeatureMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Accordion Feature [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Statement Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:type="locator" xlink:label="us-gaap_IncomeStatementLocationDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Income Statement Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_IncomeStatementLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Income Statement Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestExpenseMember" xlink:type="locator" xlink:label="us-gaap_InterestExpenseMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseMember" xlink:to="us-gaap_InterestExpenseMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_InterestExpenseMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Expense [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:type="locator" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average interest rate of mortgage indebtedness</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:to="us-gaap_LongtermDebtWeightedAverageInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Weighted Average Interest Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjusted weighted average interest rate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LongtermDebtWeightedAverageInterestRateAdjusted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Longterm Debt Weighted Average Interest Rate Adjusted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeAverageFixedInterestRate" xlink:type="locator" xlink:label="us-gaap_DerivativeAverageFixedInterestRate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAverageFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average fixed rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAverageFixedInterestRate" xlink:to="us-gaap_DerivativeAverageFixedInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAverageFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Average Fixed Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeLiabilityNotionalAmount" xlink:type="locator" xlink:label="us-gaap_DerivativeLiabilityNotionalAmount" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilityNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Combined notional amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilityNotionalAmount" xlink:to="us-gaap_DerivativeLiabilityNotionalAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilityNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Liability Notional Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MortgageLoansOnRealEstate" xlink:type="locator" xlink:label="us-gaap_MortgageLoansOnRealEstate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage indebtedness</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Mortgage Loans On Real Estate</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average decrease of spread in basis points</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_WeightedAverageDecreaseOfSpreadInBasisPoints_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Decrease Of Spread In Basis Points</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram" xlink:type="locator" xlink:label="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties covered under mortgage loan program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram" xlink:to="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPropertiesRefinanced" xlink:type="locator" xlink:label="nxrt_NumberOfPropertiesRefinanced" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesRefinanced_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of properties refinanced.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPropertiesRefinanced" xlink:to="nxrt_NumberOfPropertiesRefinanced_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EscrowDeposit" xlink:type="locator" xlink:label="us-gaap_EscrowDeposit" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Mortgage debt financing, amount escrowed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDeposit" xlink:to="us-gaap_EscrowDeposit_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EscrowDeposit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Escrow Deposit</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties covered under mortgage loan program</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesCoveredUnderMortgageLoanProgram_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Covered Under Mortgage Loan Program</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesRefinanced_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of properties refinanced</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPropertiesRefinanced_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Properties Refinanced</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationPeriod" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityExpirationPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Term (months)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityExpirationPeriod" xlink:to="us-gaap_LineOfCreditFacilityExpirationPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Expiration Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:to="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Interest Rate During Period</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LineOfCreditGross" xlink:type="locator" xlink:label="nxrt_LineOfCreditGross" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit gross.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LineOfCreditGross" xlink:to="nxrt_LineOfCreditGross_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit facilities</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Gross</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel">Deferred financing costs, net of accumulated amortization</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Credit facilities, net</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LineOfCreditFacilityExtensionTerm" xlink:type="locator" xlink:label="nxrt_LineOfCreditFacilityExtensionTerm" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditFacilityExtensionTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Line of credit facility extension term.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LineOfCreditFacilityExtensionTerm" xlink:to="nxrt_LineOfCreditFacilityExtensionTerm_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PeriodOfLondonInterbankOfferedRateMeasurement" xlink:type="locator" xlink:label="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Period of london interbank offered rate measurement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement" xlink:to="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, maximum borrowing capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Maximum Borrowing Capacity</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromLinesOfCredit_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Credit facility proceeds received</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityExpirationPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Facility, term</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditFacilityExtensionTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, extension term</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LineOfCreditFacilityExtensionTerm_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Extension Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentDescription" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentDescription" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate description</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentDescription" xlink:to="us-gaap_DebtInstrumentDescription_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Description</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:type="locator" xlink:label="us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Line of credit facility, increase in facility amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet" xlink:to="us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Line Of Credit Facility Increase Decrease For Period Net</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Period of LIBOR</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PeriodOfLondonInterbankOfferedRateMeasurement_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Period Of London Interbank Offered Rate Measurement</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:to="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Basis Spread On Variable Rate1</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Costs incurred on additional financing</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_WriteOffOfDeferredDebtIssuanceCost" xlink:type="locator" xlink:label="us-gaap_WriteOffOfDeferredDebtIssuanceCost" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_WriteOffOfDeferredDebtIssuanceCost_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Write-off deferred financing costs</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DerivativeEffectiveDate" xlink:to="nxrt_DerivativeEffectiveDate_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionOneMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionOneMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionOneMember" xlink:to="nxrt_InterestRateSwapTransactionOneMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction One</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionOneMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction One [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionTwoMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionTwoMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionTwoMember" xlink:to="nxrt_InterestRateSwapTransactionTwoMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Two</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Two [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionThreeMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionThreeMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionThreeMember" xlink:to="nxrt_InterestRateSwapTransactionThreeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Three</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Three [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionFourMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionFourMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionFourMember" xlink:to="nxrt_InterestRateSwapTransactionFourMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Four</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Four [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionFiveMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionFiveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionFiveMember" xlink:to="nxrt_InterestRateSwapTransactionFiveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Five</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Five [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionSixMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionSixMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionSixMember" xlink:to="nxrt_InterestRateSwapTransactionSixMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Six</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Six [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionSevenMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionSevenMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionSevenMember" xlink:to="nxrt_InterestRateSwapTransactionSevenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Seven</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Seven [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionEightMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionEightMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction eight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionEightMember" xlink:to="nxrt_InterestRateSwapTransactionEightMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Eight</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Eight [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InterestRateSwapTransactionNineMember" xlink:type="locator" xlink:label="nxrt_InterestRateSwapTransactionNineMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionNineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Interest rate swap transaction nine.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InterestRateSwapTransactionNineMember" xlink:to="nxrt_InterestRateSwapTransactionNineMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionNineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest Rate Swap Transaction Nine</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InterestRateSwapTransactionNineMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Interest Rate Swap Transaction Nine [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_KeyBankMember" xlink:type="locator" xlink:label="nxrt_KeyBankMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Key bank.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_KeyBankMember" xlink:to="nxrt_KeyBankMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">KeyBank</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Key Bank [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_KeyBankAndSunTrustBankMember" xlink:type="locator" xlink:label="nxrt_KeyBankAndSunTrustBankMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankAndSunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Key bank and sun trust bank.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_KeyBankAndSunTrustBankMember" xlink:to="nxrt_KeyBankAndSunTrustBankMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankAndSunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Key Bank And Sun Trust Bank</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_KeyBankAndSunTrustBankMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Key Bank And Sun Trust Bank [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DerivativeEffectiveDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Effective Date</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DerivativeEffectiveDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Effective Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeMaturityDates" xlink:type="locator" xlink:label="us-gaap_DerivativeMaturityDates" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Termination Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeMaturityDates" xlink:to="us-gaap_DerivativeMaturityDates_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Maturity Dates</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeLiabilityNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Notional Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:type="locator" xlink:label="us-gaap_DerivativeFixedInterestRate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fixed Rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFixedInterestRate" xlink:to="us-gaap_DerivativeFixedInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Fixed Interest Rate</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeAverageFixedInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Fixed Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeVariableInterestRate" xlink:type="locator" xlink:label="us-gaap_DerivativeVariableInterestRate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">LIBOR, interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeVariableInterestRate" xlink:to="us-gaap_DerivativeVariableInterestRate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeVariableInterestRate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Variable Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" xlink:type="locator" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments And Hedging Activities Disclosures [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments And Hedging Activities Disclosures [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" xlink:type="locator" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative Instruments And Hedging Activities Disclosures [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Instruments And Hedging Activities Disclosures [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:type="locator" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfInterestRateDerivativesHeld" xlink:to="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Interest Rate Derivatives Held</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:type="locator" xlink:label="invest_DerivativeNotionalAmount" />
    <link:label xml:lang="en-US" xlink:label="invest_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Derivative notional amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_DerivativeNotionalAmount" xlink:to="invest_DerivativeNotionalAmount_lbl" />
    <link:label xml:lang="en-US" xlink:label="invest_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Derivative Notional Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Interest rate caps</link:label>
    <link:label xml:lang="en-US" xlink:label="invest_DerivativeNotionalAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Derivative notional amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:type="locator" xlink:label="us-gaap_BalanceSheetLocationDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Balance Sheet Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_BalanceSheetLocationDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Balance Sheet Location [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_FairMarketValueOfInterestRateSwapsMember" xlink:type="locator" xlink:label="nxrt_FairMarketValueOfInterestRateSwapsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FairMarketValueOfInterestRateSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Fair market value of interest rate swaps.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_FairMarketValueOfInterestRateSwapsMember" xlink:to="nxrt_FairMarketValueOfInterestRateSwapsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_FairMarketValueOfInterestRateSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fair Market Value Of Interest Rate Swaps</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_FairMarketValueOfInterestRateSwapsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Fair Market Value Of Interest Rate Swaps [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PrepaidExpenseAndOtherAssetsMember" xlink:type="locator" xlink:label="nxrt_PrepaidExpenseAndOtherAssetsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PrepaidExpenseAndOtherAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Prepaid expense and other assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PrepaidExpenseAndOtherAssetsMember" xlink:to="nxrt_PrepaidExpenseAndOtherAssetsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PrepaidExpenseAndOtherAssetsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Prepaid and Other Assets</link:label>
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    <link:label xml:lang="en-US" xlink:label="nxrt_OfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Officers, Employees and Certain Key Employees of Adviser</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Officers Employees And Certain Key Employees Of Adviser [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DirectorMember" xlink:type="locator" xlink:label="us-gaap_DirectorMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DirectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Director</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_DirectorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Director [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DirectorsAndOfficersMember" xlink:type="locator" xlink:label="nxrt_DirectorsAndOfficersMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsAndOfficersMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Directors and officers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DirectorsAndOfficersMember" xlink:to="nxrt_DirectorsAndOfficersMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsAndOfficersMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Directors and Officers</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsAndOfficersMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Directors And Officers [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember" xlink:type="locator" xlink:label="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Directors, officers, employees and certain key employees of adviser.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember" xlink:to="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Directors, Officers, Employees and Certain Key Employees of Adviser</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DirectorsOfficersEmployeesAndCertainKeyEmployeesOfAdviserMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Directors Officers Employees And Certain Key Employees Of Adviser [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:type="locator" xlink:label="us-gaap_ClassOfStockLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Class Of Stock [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Class Of Stock [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common stock, shares, issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:type="locator" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares, issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction" xlink:to="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Sale Of Stock Number Of Shares Issued In Transaction</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:type="locator" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, authorized amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchase Program Authorized Amount1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockRepurchaseProgramExpirationDate" xlink:type="locator" xlink:label="us-gaap_StockRepurchaseProgramExpirationDate" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramExpirationDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock repurchase program, expiration date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramExpirationDate" xlink:to="us-gaap_StockRepurchaseProgramExpirationDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramExpirationDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchase Program Expiration Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockRepurchaseProgramPeriodInForce1" xlink:type="locator" xlink:label="us-gaap_StockRepurchaseProgramPeriodInForce1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramPeriodInForce1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock repurchase program period in force</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramPeriodInForce1" xlink:to="us-gaap_StockRepurchaseProgramPeriodInForce1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockRepurchaseProgramPeriodInForce1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Repurchase Program Period In Force1</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:type="locator" xlink:label="us-gaap_TreasuryStockSharesAcquired" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockSharesAcquired" xlink:to="us-gaap_TreasuryStockSharesAcquired_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockSharesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Shares Acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock, value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:type="locator" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share repurchase program, treasury stock, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockAcquiredAverageCostPerShare" xlink:to="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TreasuryStockAcquiredAverageCostPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Treasury Stock Acquired Average Cost Per Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Number of shares authorized to issue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation arrangement by share based payment award vesting period description.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription" xlink:to="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted stock units, vesting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting period description</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriodDescription_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Vesting Period Description</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Restricted stock units, granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:type="locator" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Number of Units, Outstanding at beginning of the period</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Number of Units, Granted</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of Units, Vested</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Number of Units, Forfeited</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Number of Units, Outstanding at ending of the period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Weighted Average Grant Date Fair Value, Outstanding at beginning of the period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Grant Date Fair Value, Granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Grant Date Fair Value, Vested</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted Average Grant Date Fair Value, Forfeited</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Weighted Average Grant Date Fair Value, Outstanding at ending of the period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_VestingAxis" xlink:type="locator" xlink:label="us-gaap_VestingAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingAxis" xlink:to="us-gaap_VestingAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_VestingDomain" xlink:type="locator" xlink:label="us-gaap_VestingDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vesting</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VestingDomain" xlink:to="us-gaap_VestingDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_VestingDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Vesting [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in August 2019</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheTwoMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Two [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:type="locator" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in February 2020</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:to="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationAwardTrancheThreeMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Three [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationAwardTrancheFourMember" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFourMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation award tranche four.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationAwardTrancheFourMember" xlink:to="nxrt_ShareBasedCompensationAwardTrancheFourMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in March 2020</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFourMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Four [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationAwardTrancheFiveMember" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFiveMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation award tranche five.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationAwardTrancheFiveMember" xlink:to="nxrt_ShareBasedCompensationAwardTrancheFiveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in February 2021</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheFiveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Five [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationAwardTrancheSixMember" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSixMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation award tranche six.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationAwardTrancheSixMember" xlink:to="nxrt_ShareBasedCompensationAwardTrancheSixMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in February 2022</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSixMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Six [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationAwardTrancheSevenMember" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSevenMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation award tranche seven.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationAwardTrancheSevenMember" xlink:to="nxrt_ShareBasedCompensationAwardTrancheSevenMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in February 2023</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheSevenMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Seven [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ShareBasedCompensationAwardTrancheEightMember" xlink:type="locator" xlink:label="nxrt_ShareBasedCompensationAwardTrancheEightMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share based compensation award tranche eight.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ShareBasedCompensationAwardTrancheEightMember" xlink:to="nxrt_ShareBasedCompensationAwardTrancheEightMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Vest in February 2024</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ShareBasedCompensationAwardTrancheEightMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Share Based Compensation Award Tranche Eight [Member]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardGross_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel">Stock issued upon vesting awards</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Restricted stock units, vested</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:type="locator" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Equity-based compensation expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Allocated Share Based Compensation Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:type="locator" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends earned on restricted stock units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable Current And Noncurrent</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SharesIssuedAveragePricePerShare" xlink:type="locator" xlink:label="nxrt_SharesIssuedAveragePricePerShare" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SharesIssuedAveragePricePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Share issued average price per share.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SharesIssuedAveragePricePerShare" xlink:to="nxrt_SharesIssuedAveragePricePerShare_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_StockIssuanceCostsOther" xlink:type="locator" xlink:label="nxrt_StockIssuanceCostsOther" />
    <link:label xml:lang="en-US" xlink:label="nxrt_StockIssuanceCostsOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Stock issuance costs other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_StockIssuanceCostsOther" xlink:to="nxrt_StockIssuanceCostsOther_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Aggregate sale price of common stock</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SharesIssuedAveragePricePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Shares issued average price per share</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SharesIssuedAveragePricePerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Shares Issued Average Price Per Share</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Proceeds from issuance of common stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfStockIssuanceCosts" xlink:type="locator" xlink:label="us-gaap_PaymentsOfStockIssuanceCosts" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfStockIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock issuance costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfStockIssuanceCosts" xlink:to="us-gaap_PaymentsOfStockIssuanceCosts_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PaymentsOfStockIssuanceCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payments Of Stock Issuance Costs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_StockIssuanceCostsOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other stock issuance costs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_StockIssuanceCostsOther_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Stock Issuance Costs Other</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock" xlink:type="locator" xlink:label="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Conversion ratio of operating partnership unit to common stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock" xlink:to="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Stock conversion ratio</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ConversionRatioOfOperatingPartnershipUnitToCommonStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Conversion Ratio Of Operating Partnership Unit To Common Stock</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests" xlink:type="locator" xlink:label="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount of Net Income (Loss) attributable to redeemable noncontrolling interests in the operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests" xlink:to="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareReconciliationAbstract" xlink:type="locator" xlink:label="us-gaap_EarningsPerShareReconciliationAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareReconciliationAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Earnings Per Share Reconciliation [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareReconciliationAbstract" xlink:to="us-gaap_EarningsPerShareReconciliationAbstract_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:type="locator" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Numerator for earnings (loss) per share:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss Available To Common Stockholders Basic [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_ProfitLoss_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income (loss)</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Net income (loss) attributable to redeemable noncontrolling interests in the Operating Partnership</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NetIncomeLossAttributableToRedeemableNoncontrollingInterests_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss Attributable To Redeemable Noncontrolling Interests</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="locator" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Net income (loss) attributable to common stockholders</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Net Income Loss Available To Common Stockholders Basic</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Denominator for earnings (loss) per share:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number Of Shares Outstanding Diluted Disclosure Items [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:type="locator" xlink:label="us-gaap_WeightedAverageNumberOfSharesRestrictedStock" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesRestrictedStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Weighted average unvested restricted stock units</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:to="us-gaap_WeightedAverageNumberOfSharesRestrictedStock_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfSharesRestrictedStock_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Weighted Average Number Of Shares Restricted Stock</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Denominator for diluted earnings per share</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Earnings (loss) per weighted average common share:</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Basic</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Diluted</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:type="locator" xlink:label="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Consideration transferred to acquire ownership interest in properties of noncontrolling interest holders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:to="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:type="locator" xlink:label="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment to acquire ownership interest in properties from noncontrolling interest holders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:to="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue" xlink:type="locator" xlink:label="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Amount used for calculation of OP units of net asset value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue" xlink:to="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired" xlink:type="locator" xlink:label="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of noncontrolling interests in joint ventures acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired" xlink:to="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest" xlink:type="locator" xlink:label="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of ownership interests in portfolio before acquisition of interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest" xlink:to="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:type="locator" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Common units transferred to acquire ownership interest in properties of non-controlling interest holders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:to="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:type="locator" xlink:label="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Value of common units transferred to acquire ownership interest in properties of noncontrolling interest holders.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders" xlink:to="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare" xlink:type="locator" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare" />
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Common units transferred to acquire ownership interest in properties of noncontrolling interest holders per share.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare" xlink:to="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinorityInterestTable" xlink:type="locator" xlink:label="us-gaap_MinorityInterestTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minority Interest [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestTable" xlink:to="us-gaap_MinorityInterestTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minority Interest [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAxis" xlink:to="us-gaap_RelatedPartyTransactionAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDomain" xlink:to="us-gaap_RelatedPartyTransactionDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BHBuyoutPortfolioMember" xlink:type="locator" xlink:label="nxrt_BHBuyoutPortfolioMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHBuyoutPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">BH buyout portfolio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BHBuyoutPortfolioMember" xlink:to="nxrt_BHBuyoutPortfolioMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHBuyoutPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BH Equity Portfolio</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BHBuyoutPortfolioMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">B H Buyout Portfolio [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transactions By Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:type="locator" xlink:label="us-gaap_RelatedPartyDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_BHManagementServicesLLCMember" xlink:type="locator" xlink:label="nxrt_BHManagementServicesLLCMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHManagementServicesLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">BH Management Services, LLC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_BHManagementServicesLLCMember" xlink:to="nxrt_BHManagementServicesLLCMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_BHManagementServicesLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">BH Management Services, LLC</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_BHManagementServicesLLCMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">B H Management Services L L C [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinorityInterestLineItems" xlink:type="locator" xlink:label="us-gaap_MinorityInterestLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Minority Interest [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestLineItems" xlink:to="us-gaap_MinorityInterestLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Minority Interest [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Percentage of noncontrolling interests in joint ventures acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfNoncontrollingInterestsInJointVenturesAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Noncontrolling Interests In Joint Ventures Acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of ownership interests in portfolio</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfOwnershipInterestsInPortfolioBeforeAcquisitionOfInterest_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Ownership Interests In Portfolio Before Acquisition Of Interest</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Consideration transferred to acquire ownership interest in properties of noncontrolling interest holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ConsiderationTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Consideration Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment to acquire ownership interest in properties of noncontrolling interest holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payment To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common units transferred to acquire ownership interest in properties of noncontrolling interest holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Value of common units transferred to acquire ownership interest in properties of noncontrolling interest holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ValueOfCommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHolders_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Value Of Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Common units transferred to acquire ownership interest in properties of noncontrolling interest holders, per share</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_CommonUnitsTransferredToAcquireOwnershipInterestInPropertiesOfNoncontrollingInterestHoldersPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Common Units Transferred To Acquire Ownership Interest In Properties Of Noncontrolling Interest Holders Per Share</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount used for calculation of OP units of net asset value</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AmountUsedForCalculationOfOPUnitsOfNetAssetValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amount Used For Calculation Of O P Units Of Net Asset Value</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership" xlink:type="locator" xlink:label="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership" />
    <link:label xml:lang="en-US" xlink:label="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Temporary equity other comprehensive loss attributable to redeemable non-controlling interests in operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership" xlink:to="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership" xlink:type="locator" xlink:label="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Contributions from redeemable noncontrolling interests on operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership" xlink:to="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership" xlink:type="locator" xlink:label="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership" />
    <link:label xml:lang="en-US" xlink:label="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Distributions to redeemable noncontrolling interests in operating partnership.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership" xlink:to="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Redeemable noncontrolling interests in the OP, December 31, 2018</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_TemporaryEquityNetIncome" xlink:type="locator" xlink:label="us-gaap_TemporaryEquityNetIncome" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TemporaryEquityNetIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel">Net loss attributable to redeemable noncontrolling interests in the OP</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TemporaryEquityNetIncome" xlink:to="us-gaap_TemporaryEquityNetIncome_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_TemporaryEquityNetIncome_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Temporary Equity Net Income</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Other comprehensive loss attributable to redeemable noncontrolling interests in the OP</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_TemporaryEquityOtherComprehensiveLossAttributableToRedeemableNoncontrollingInterestsInOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Temporary Equity Other Comprehensive Loss Attributable To Redeemable Noncontrolling Interests In Operating Partnership</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Contributions from redeemable noncontrolling interests in the OP</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ContributionsFromRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Contributions From Redeemable Noncontrolling Interests On Operating Partnership</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Distributions to redeemable noncontrolling interests in the OP</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_DistributionsToRedeemableNoncontrollingInterestsOnOperatingPartnership_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Distributions To Redeemable Noncontrolling Interests On Operating Partnership</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_MinorityInterestChangeInRedemptionValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Adjustment to reflect redemption value of redeemable noncontrolling interests in the OP</link:label>
    <link:label xml:lang="en-US" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Redeemable noncontrolling interests in the OP, June 30, 2019</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InspectionOfPropertiesFee" xlink:type="locator" xlink:label="nxrt_InspectionOfPropertiesFee" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InspectionOfPropertiesFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Inspection of properties fee.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InspectionOfPropertiesFee" xlink:to="nxrt_InspectionOfPropertiesFee_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts" xlink:type="locator" xlink:label="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of construction supervision fees on project costs.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts" xlink:to="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_OtherOwnerApprovedFees" xlink:type="locator" xlink:label="nxrt_OtherOwnerApprovedFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_OtherOwnerApprovedFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Other owner approved fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_OtherOwnerApprovedFees" xlink:to="nxrt_OtherOwnerApprovedFees_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyManagementFeePercentFee" xlink:type="locator" xlink:label="us-gaap_PropertyManagementFeePercentFee" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyManagementFeePercentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Property management fee percent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyManagementFeePercentFee" xlink:to="us-gaap_PropertyManagementFeePercentFee_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PropertyManagementFeePercentFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Property Management Fee Percent Fee</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InspectionOfPropertiesFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Inspection of properties fee, per unit</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InspectionOfPropertiesFee_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Inspection Of Properties Fee</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction supervision fee, percent fee</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfConstructionSupervisionFeesOnProjectCosts_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Construction Supervision Fees On Project Costs</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OtherOwnerApprovedFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other owner approved fees, per hour</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_OtherOwnerApprovedFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Other Owner Approved Fees</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionConstructionSupervisionFees" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionConstructionSupervisionFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionConstructionSupervisionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction construction supervision fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionConstructionSupervisionFees" xlink:to="nxrt_RelatedPartyTransactionConstructionSupervisionFees_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionDesignFees" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionDesignFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionDesignFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction design fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionDesignFees" xlink:to="nxrt_RelatedPartyTransactionDesignFees_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionAcquisitionFees" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionAcquisitionFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionAcquisitionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction acquisition fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionAcquisitionFees" xlink:to="nxrt_RelatedPartyTransactionAcquisitionFees_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction payroll and benefits expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses" xlink:to="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionOtherReimbursementsExpenses" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction other reimbursements expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses" xlink:to="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionFeesIncurredAbstract" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionFeesIncurredAbstract" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionFeesIncurredAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction fees incurred.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionFeesIncurredAbstract" xlink:to="nxrt_RelatedPartyTransactionFeesIncurredAbstract_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract" xlink:type="locator" xlink:label="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Related party transaction reimbursements expense.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract" xlink:to="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionFeesIncurredAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Fees incurred</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionFeesIncurredAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Fees Incurred [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionConstructionSupervisionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Construction supervision fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionConstructionSupervisionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Construction Supervision Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionDesignFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Design fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionDesignFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Design Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionAcquisitionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Acquisition fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionAcquisitionFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Acquisition Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Reimbursements</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionReimbursementsExpenseAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Reimbursements Expense [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payroll and benefits</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionPayrollAndBenefitsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Payroll And Benefits Expenses</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Other reimbursements</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_RelatedPartyTransactionOtherReimbursementsExpenses_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction Other Reimbursements Expenses</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfAnnualAdvisoryPaidMonthly" xlink:type="locator" xlink:label="nxrt_PercentageOfAnnualAdvisoryPaidMonthly" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdvisoryPaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of annual advisory, paid monthly.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfAnnualAdvisoryPaidMonthly" xlink:to="nxrt_PercentageOfAnnualAdvisoryPaidMonthly_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:type="locator" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Schedule Of Related Party Transactions By Related Party [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Schedule Of Related Party Transactions By Related Party [Table]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NexPointAdvisorsMember" xlink:type="locator" xlink:label="nxrt_NexPointAdvisorsMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NexPointAdvisorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">NexPoint Advisors.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NexPointAdvisorsMember" xlink:to="nxrt_NexPointAdvisorsMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NexPointAdvisorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexPoint Real Estate Advisors, L.P</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NexPointAdvisorsMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Nex Point Advisors [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PredecessorMember" xlink:type="locator" xlink:label="us-gaap_PredecessorMember" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PredecessorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Predecessor</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PredecessorMember" xlink:to="us-gaap_PredecessorMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_PredecessorMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Predecessor [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryAndAdministrativeFeesMember" xlink:type="locator" xlink:label="nxrt_AdvisoryAndAdministrativeFeesMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryAndAdministrativeFeesMember" xlink:to="nxrt_AdvisoryAndAdministrativeFeesMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and Administrative Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administrative Fees [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NexBankTitleIncMember" xlink:type="locator" xlink:label="nxrt_NexBankTitleIncMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NexBankTitleIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">NexBank Title, Inc.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NexBankTitleIncMember" xlink:to="nxrt_NexBankTitleIncMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NexBankTitleIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">NexBank Title, Inc.</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NexBankTitleIncMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Nex Bank Title Inc [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:type="locator" xlink:label="us-gaap_RelatedPartyTransactionLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Related Party Transaction [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Related Party Transaction [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdvisoryPaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of annual advisory, paid monthly</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdvisoryPaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Annual Advisory Paid Monthly</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly" xlink:type="locator" xlink:label="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Percentage of annual administrative fee, paid monthly.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly" xlink:to="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Percentage of annual administrative fee, paid monthly</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PercentageOfAnnualAdministrativeFeePaidMonthly_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Percentage Of Annual Administrative Fee Paid Monthly</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryAndAdministrationFeesOnContributedAssets" xlink:type="locator" xlink:label="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administration fees on contributed assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets" xlink:to="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees on contributed assets</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrationFeesOnContributedAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administration Fees On Contributed Assets</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryAndAdministrativeFeesPercentage" xlink:type="locator" xlink:label="nxrt_AdvisoryAndAdministrativeFeesPercentage" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Pursuant to the terms of the Advisory Agreement, expenses paid or incurred by the Company for advisory and administrative fees payable to the Adviser and Operating Expenses will not exceed 1.5% of Average Real Estate Assets per calendar year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryAndAdministrativeFeesPercentage" xlink:to="nxrt_AdvisoryAndAdministrativeFeesPercentage_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees percentage</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesPercentage_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administrative Fees Percentage</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryAndAdministrativeFees" xlink:type="locator" xlink:label="nxrt_AdvisoryAndAdministrativeFees" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryAndAdministrativeFees" xlink:to="nxrt_AdvisoryAndAdministrativeFees_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets" xlink:type="locator" xlink:label="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees charged on New Assets (New assets are all real estate assets that are not contributed assets).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets" xlink:to="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFees_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administrative Fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Additional advisory and administrative fees</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdditionalAdvisoryAndAdministrativeFeesChargedOnNewAssets_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Additional Advisory And Administrative Fees Charged On New Assets</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryAndAdministrativeFeesWaived" xlink:type="locator" xlink:label="nxrt_AdvisoryAndAdministrativeFeesWaived" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesWaived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees waived.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryAndAdministrativeFeesWaived" xlink:to="nxrt_AdvisoryAndAdministrativeFeesWaived_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired" xlink:type="locator" xlink:label="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory fees waived for number of property acquired.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired" xlink:to="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory fees waived for number of properties acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryFeesWaivedForNumberOfPropertyAcquired_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory Fees Waived For Number Of Property Acquired</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesWaived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Advisory and administrative fees waived</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_AdvisoryAndAdministrativeFeesWaived_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Advisory And Administrative Fees Waived</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_PaymentToAffiliateForServicesRendered" xlink:type="locator" xlink:label="nxrt_PaymentToAffiliateForServicesRendered" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAffiliateForServicesRendered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Payment to affiliate for services rendered.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_PaymentToAffiliateForServicesRendered" xlink:to="nxrt_PaymentToAffiliateForServicesRendered_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAffiliateForServicesRendered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Payment to affiliate for services rendered</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_PaymentToAffiliateForServicesRendered_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Payment To Affiliate For Services Rendered</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InsuranceClaimsFunded" xlink:type="locator" xlink:label="nxrt_InsuranceClaimsFunded" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceClaimsFunded_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Advisory and administrative fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InsuranceClaimsFunded" xlink:to="nxrt_InsuranceClaimsFunded_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_NumberOfPotentialClaims" xlink:type="locator" xlink:label="nxrt_NumberOfPotentialClaims" />
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPotentialClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Number of potential claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_NumberOfPotentialClaims" xlink:to="nxrt_NumberOfPotentialClaims_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_InsuranceReserveAmount" xlink:type="locator" xlink:label="nxrt_InsuranceReserveAmount" />
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceReserveAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Insurance reserve amount.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_InsuranceReserveAmount" xlink:to="nxrt_InsuranceReserveAmount_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_LimitOfLossesForInsuranceClaims" xlink:type="locator" xlink:label="nxrt_LimitOfLossesForInsuranceClaims" />
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitOfLossesForInsuranceClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Limit of losses for insurance claims.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_LimitOfLossesForInsuranceClaims" xlink:to="nxrt_LimitOfLossesForInsuranceClaims_lbl" />
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_MaximumInsuranceClaimAmount" xlink:type="locator" xlink:label="nxrt_MaximumInsuranceClaimAmount" />
    <link:label xml:lang="en-US" xlink:label="nxrt_MaximumInsuranceClaimAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Maximum insurance claim amount.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_MaximumInsuranceClaimAmount" xlink:to="nxrt_MaximumInsuranceClaimAmount_lbl" />
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LossContingenciesTable" xlink:type="locator" xlink:label="us-gaap_LossContingenciesTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingencies [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesTable" xlink:to="us-gaap_LossContingenciesTable_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:type="locator" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingency Nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:to="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesByNatureOfContingencyAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies By Nature Of Contingency [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:type="locator" xlink:label="us-gaap_LossContingencyNatureDomain" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingencyNatureDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingency, Nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyNatureDomain" xlink:to="us-gaap_LossContingencyNatureDomain_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingencyNatureDomain_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingency Nature [Domain]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SelfInsuranceProgramMember" xlink:type="locator" xlink:label="nxrt_SelfInsuranceProgramMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SelfInsuranceProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Self insurance program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_SelfInsuranceProgramMember" xlink:to="nxrt_SelfInsuranceProgramMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_SelfInsuranceProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Self-Insurance Program</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_SelfInsuranceProgramMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Self Insurance Program [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:type="locator" xlink:label="us-gaap_LossContingenciesLineItems" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Loss Contingencies [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingenciesLineItems" xlink:to="us-gaap_LossContingenciesLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_LossContingenciesLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Loss Contingencies [Line Items]</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitOfLossesForInsuranceClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Limit of losses for insurance claims</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_LimitOfLossesForInsuranceClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Limit Of Losses For Insurance Claims</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MaximumInsuranceClaimAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Maximum insurance claim amount</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_MaximumInsuranceClaimAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Maximum Insurance Claim Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceClaimsFunded_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Insurance claims funded</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceClaimsFunded_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Insurance Claims Funded</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceReserveAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amount of reserve for aggregate insurance claim</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_InsuranceReserveAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Insurance Reserve Amount</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPotentialClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Potential claims that met the criteria under ASC 450-20</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_NumberOfPotentialClaims_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Number Of Potential Claims</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_SubsequentEventTable" xlink:type="locator" xlink:label="us-gaap_SubsequentEventTable" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTable_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Subsequent Event [Table]</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event Type [Axis]</link:label>
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    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember" xlink:type="locator" xlink:label="nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember" xlink:to="nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Residences at Glenview Reserve and Residences at West Place</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtGlenviewReserveAndResidencesAtWestPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Residences At Glenview Reserve And Residences At West Place [Member]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventLineItems" xlink:to="us-gaap_SubsequentEventLineItems_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_SubsequentEventLineItems_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Subsequent Event [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsPayableAmountPerShare" xlink:type="locator" xlink:label="us-gaap_DividendsPayableAmountPerShare" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends payable, amount per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableAmountPerShare" xlink:to="us-gaap_DividendsPayableAmountPerShare_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableAmountPerShare_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable Amount Per Share</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends payable, date declared</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateDeclaredDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable Date Declared Day Month And Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends payable, date to be paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendPayableDateToBePaidDayMonthAndYear" xlink:to="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividend Payable Date To Be Paid Day Month And Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:type="locator" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Dividends payable, date of record</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear" xlink:to="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_DividendsPayableDateOfRecordDayMonthAndYear_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Dividends Payable Date Of Record Day Month And Year</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ResidencesAtGlenviewReserveMember" xlink:type="locator" xlink:label="nxrt_ResidencesAtGlenviewReserveMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nxrt_ResidencesAtGlenviewReserveMember" xlink:to="nxrt_ResidencesAtGlenviewReserveMember_lbl" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtGlenviewReserveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Residences at Glenview Reserve</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtGlenviewReserveMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Residences At Glenview Reserve [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_ResidencesAtWestPlaceMember" xlink:type="locator" xlink:label="nxrt_ResidencesAtWestPlaceMember" />
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtWestPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation">Residences at west place.</link:label>
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    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtWestPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Residences at West Place</link:label>
    <link:label xml:lang="en-US" xlink:label="nxrt_ResidencesAtWestPlaceMember_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Residences At West Place [Member]</link:label>
    <link:loc xlink:href="nxrt-20190630.xsd#nxrt_SalesPriceOfProperty" xlink:type="locator" xlink:label="nxrt_SalesPriceOfProperty" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator" xlink:label="us-gaap_DebtInstrumentCarryingAmount" />
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    <link:label xml:lang="en-US" xlink:label="us-gaap_DebtInstrumentCarryingAmount_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Debt Instrument Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:type="locator" xlink:label="us-gaap_RealEstateGrossAtCarryingValue" />
    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Real Estate Carrying Value, net</link:label>
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    <link:label xml:lang="en-US" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Real Estate Gross At Carrying Value</link:label>
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