Local Property Management Firm Back To Work With Chattanooga’s Property Investors

Monday, May 22, 2017

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. 

Corker Supports Administration Plan To Wind Down Fannie Mae And Freddie Mac

U.S. Senator Bob Corker, a member of the Senate Banking Committee, Thursday released the following statement on the administration’s proposal to wind down government-sponsored enterprises Fannie Mae and Freddie Mac. The proposal was included in a plan released Thursday by the administration to reform and reorganize the federal government.  “It is long past time to end ... (click for more)

Habitat For Humanity Had 3 Dedication Ceremonies Saturday

June is nationally recognized as Homeownership Month and Habitat for Humanity of Greater Chattanooga Area celebrated by hosting three dedication ceremonies on Saturday. During these ceremonies, three families comprising of three mothers and their eight children, were presented with the mock keys to their new Habitat for Humanity homes. The homes were sponsored by the city ... (click for more)

Former City Education Commissioner John P. Franklin Dies

John Porter Franklin, long a leading figure in Chattanooga city government, has died.  He was the city's first, elected black official, post Jim Crow laws, in 1971. Mr. Franklin's father, G.W. Franklin, was a pioneer funeral home director and John Franklin continued in that line. He was first an official in Franklin-Strickland Funeral Home, then he started John P. Franklin ... (click for more)

Pedestrian Struck And Killed In Cleveland Wednesday Morning

A pedestrian was struck and killed on Paul Huff Parkway early Wednesday morning. The incident happened around 2:30 a.m. More information will follow. (click for more)

The Boss, Claude Ramsey

I try not to overuse the word great, but we lost a great man today, Claude Ramsey. I had the pleasure of serving under him as director of Commercial and Industrial Properties for 14 years while he was the Hamilton County Assessor of Property. He was probably the smartest person I have ever known. He was tough but patient, kind, caring and compassionate. He knew how to get ... (click for more)

Roy Exum: So, You’re Invisible?

Several weeks ago I was in the middle of My Morning Readings when, somehow, I came across a wonderful story written by Nichole Johnson. Her website says she is a speaker, a motivator, and an author whose gift is to “capture the inner-most feelings of women facing life's daily struggles, and it has enabled her to create a unique sense of community for people of all ages.” That’s ... (click for more)