Stabilization and Property Management

Atlanta, Georgia
Out of State Investing
1moFollow

Stabilization and Property Management

Christopher FollettPro Member
Member since 2025 · 5 posts · 2 votes

Hi BP Team, 

I recently finished my first investment property acquisition and BRRRR on a Duplex in ATL, and I renovated the basement into a studio turning the unit into a Triplex. Construction was cheap and efficient, and the ARV came back as a home run, but trying to get it stabilized has been a nightmare. The only tenant that I inherited from the seller is now squatting in one of the units, and the other 2 units (1bd/1bth and studio) have not been rented since purchasing the unit in May.

Do you have any property management companies that you recommend for the ATL area? Is this the standard for most out of state ATL investors at the moment, or does this seem like it wasn't listed/marketed correctly? 

I'm trying to understand the issue so I can get this solved. Any feedback is greatly appreciated!

Thanks.

1Reply
131 views

8 Replies

Jump to latestLatest
  • Janice Carter
    Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 604 votes
    1mo

    @Christopher Follett Congratulations on your first BRRRR. I am a real estate broker and property manager in Atlanta. Is the property currently listed online? If you are willing to share the listing link, I will be happy to provide some feedback. Also, if the tenant is truly squatting, why not begin the eviction process? That situation should be addressed immediately before it creates bigger issues.

    0Reply
  • Christopher FollettPro Member
    OP
    Member since 2025 · 5 posts · 2 votes
    1mo

    @Janice Carter thanks for your feedback and willingness to support. The property is: 10 Rockmart Dr NW, Atlanta GA 30314. Would love to hear your thoughts when you get a chance. 

    0Reply
  • Janice Carter
    Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 604 votes
    1mo

    @Christopher Follett I took a quick look at the property online. In your original post, you mentioned that the other 2 units have been vacant since you purchased the property in May but I wasn't able to find an active rental listing. Are those vacant units currently not being marketed for rent? Also, keep in mind that this area is considered a Class C neighborhood with a relatively high crime rate. As a result, finding qualified tenants and even a property management company willing to manage the property may be more challenging than in other areas.

    0Reply
  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    1mo
    Quote from @Christopher Follett:

    Hi BP Team, 

    I recently finished my first investment property acquisition and BRRRR on a Duplex in ATL, and I renovated the basement into a studio turning the unit into a Triplex. Construction was cheap and efficient, and the ARV came back as a home run, but trying to get it stabilized has been a nightmare. The only tenant that I inherited from the seller is now squatting in one of the units, and the other 2 units (1bd/1bth and studio) have not been rented since purchasing the unit in May.

    Do you have any property management companies that you recommend for the ATL area? Is this the standard for most out of state ATL investors at the moment, or does this seem like it wasn't listed/marketed correctly? 

    I'm trying to understand the issue so I can get this solved. Any feedback is greatly appreciated!

    Thanks.

    @Christopher Follett
    Congrats on getting the renovation across the finish line. Stabilization is often the hardest part of a BRRRR, especially when you're investing out of state. I'd focus on finding a property manager with a strong leasing track record and experience handling tenant issues, not just rent collection. Getting those vacant units leased quickly will put you in a much stronger position for the next step.

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
    0Reply
  • Stephen QuesinberryBusiness Member
    Real Estate Agent · Cumming, GA · Member since 2016 · 226 posts · 157 votes
    1mo

    Chris, 

    Can introduce you to a PM. If interested, please feel free to reach out! 

    Cornerstone Real Estate Partners
    View Page
    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
    1mo

    Found the listing:

    https://www.realtor.com/rentals/details/10-Rockmart-Dr-NW_At...

    But NOT on Zillow!

    Why not?

    Zillow is number one in rental leads.

    Also, the pics for all the units are NOT separate!

    How is a prospective tenant supposed to make sense of what you are offering for each unit?

    [email protected]248-209-6824
    Logical Property Management4.9450 Reviews
    WebsiteView Page
    0Reply
  • Christopher FollettPro Member
    OP
    Member since 2025 · 5 posts · 2 votes
    1mo

    Hi all, I appreciate your support and feedback here.

    Here are the Zillow listings, as you can see, 3 contacts in ~90 days for the 1/1. The price was just dropped after a discussion with my Property Manager yesterday, but any additional feedback is greatly appreciated. 

    https://www.zillow.com/homedetails/10-Rockmart-Dr-NW-1-Atlan...

    https://www.zillow.com/homedetails/10-Rockmart-Dr-NW-3-Atlan...

    The newly added Studio appears to be getting a lot more traction. 

    @Janice Carter Thank you for the insight regarding the neighborhood as being 'Class C' -- Where did you find this information?

    0Reply
  • Janice Carter
    Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 604 votes
    1mo

    @Christopher Follett It is based on my experience as a real estate broker and property manager in Metro Atlanta, as well as the property's location, surrounding neighborhood, property values and crime trends. Out of curiosity, did you visit the property and drive through the neighborhood before finalizing the purchase?

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free