Rock Point Real Estate is re-entering the Chattanooga single-family property management (individual houses) scene after stepping away from that market for the past five years to focus on its multifamily management operations (apartment complexes) in Tennessee, Georgia and Alabama.
During that time, Rock Point’s efforts enabled owners of four Georgia apartment complexes to increase the value of their assets and exit their investment positions with more than 30 percent returns on investment. Rock Point CEO Drew Lancaster said the time was right to apply the company’s expertise to the smaller rental property market in its hometown of Chattanooga.
“Having deepened our staff and sharpened our management systems we are excited about helping local investors provide quality homes to our neighbors who choose to rent homes, or who have no other choice,” Mr. Lancaster said. “Successful property management is a matter of always keeping a close eye on four key concerns: the property owner, the tenant, the physical property itself and the money that flows among these. We’ve learned to do that pretty well.”
Mr. Lancaster’s real estate management company helps to take out the headache of owning properties, so landlords and property owners can enjoy the investment without dealing with the everyday hassles of maintenance, extensive repairs and the various renting issues that can crop up.
Rock Point aims to help Chattanooga’s growth by providing exceptional management of properties for better living in the Scenic City, said Philip Lancaster, managing broker.
“Investors will continue to pour money into the Chattanooga housing market if their properties are treated as growing investments,” Mr. Lancaster said. “This is where we come in. Rock Point helps to bring a return on investment through holistic management.”
Single-family property growth pairs with Chattanooga’s development. Mr. Lancaster said he and his team are excited to be a part of the Scenic City’s progress.
“The Chattanooga market will be the foundation of our business growth going forward,” Mr. Lancaster said. “We love this town!”
Rock Point Real Estate is a family-owned and operated business operating at 608 Holtzclaw Ave.