Chattanooga Rental Market
I've been looking at Chattanooga. I have come across a few pocket listings for a quadplex and duplex. Also looking at some single family and the MLS.
Can anyone provide insight about this market? Are there areas youd be concerned as an investor? Are there factors economically that could be difficult to predict? In a downturn does this market seem to stand on it's own or is it more highly affected (than say the Nashville market)?
I only live an hour away or so and will be driving there next week and looking around. Still a few questions where I don't want to be overlooking something obvious to someone else.
Most Popular Reply
@Nick Gann I'd recommend first property management @Brian Levredge and his team do a great job. I agree with @Allan Smith there are some areas you might want to avoid. @Heidi Foster is spot on about East Ridge and Brainerd, but personally I'm not a fan of Highland Park and Orchard Knob I think the first is over valued and the second is over hyped with little growth potential this market cycle, I could be wrong of course. I'm a fan of Red Bank, Hixson and the Highway 58 corridor for duplexes and the like. There are tons of them out there and the rents are very strong.
Let me know if I can be of any help to you and if you get down here be sure to look me up