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. 



Best Western Heritage Inn Sells For $5.2 Million

The Best Western Heritage Inn on Lee Highway has sold for $5.2 million. The location at 7641 Lee Highway is by Bonny Oaks Drive. The sale was to Mkr Host Llc from Deep C Govan, Kaushalya D Govan. (click for more)

Large Tract On East Brainerd Road Sells For $2.5 Million

A large tract on East Brainerd Road has sold for $2.5 million. The location is at 9734 E. Brainerd Road near Pathway Baptist Church and Ooltewah-Ringgold Road. The sale was to East Hamilton Medical Investors Llc from East Hamilton Development Partners Llc. (click for more)

Soddy Daisy Man And His Sister Arrested In 2015 Murder Of Timothy Stewart

Detectives with the Hamilton County Sheriff’s Office have made arrests in the October 2015 murder of 33-year-old Timothy Brian Stewart, which occurred in the  200 block of Layne Road, Soddy Daisy. On Tuesday, detectives charged Randy Layne, 35, with criminal homicide. Also, Randy Layne’s sister, Kattie Lynn Layne, 32, is charged with abuse of a corpse and criminal ... (click for more)

Fire Causes $250,000 In Damage To Home On Signal Mountain

Fire damaged a home on Signal Mountain late Tuesday night. At  11:18 p.m., firefighters from Walden’s Ridge Emergency Services (WRES) responded to a house fire on 5011 Anderson Pike. When the first engine arrived on the scene, they reported two vehicles and a portion of the house were on fire. WRES immediately requested a mutual aid response for supporting fire ... (click for more)

Arming Teachers With Guns Will Be Too Dangerous - And Response (2)

Arming teachers with guns in the classroom, as Bill Lee proposes, would be the single most dangerous thing to happen to students in Tennessee history. Students and teachers in close proximity to loaded firearms daily? Across this state, in middle schools alone, there are probably hundreds of student/teacher conflicts a day. What if a student got hold of gun in a struggle with ... (click for more)

Roy Exum: Who Is This ‘New Voice’?

It’s easy for me to say that I either know, or know about, almost every person running in November for the state legislature. Yet when I describe Lemon Williams as the most exciting of the bunch, that’s because he's the only guy I had never heard of when he picked up his qualifying papers. He just turned out the best political aspirant I have had a conversation with in the last ... (click for more)