Good day ladies and gentlemen.

About four years ago I picked up a duplex property in Lawrenceville GA as an investment. Little did I know this would turn out to be such a money pit.

I have had problems finding good tenants since day one.

My property manager has been doing a pretty crappy job.

Would like to find a different property manager but can't seem to find one willing to manage it. Most managers I have found just take care of large complexes.

Is it time to walk away?
The one thing I can't do is to continue paying for this.

All ideas and opinions are appreciated.



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Are you local to where your property is? If so, why dont you manage your OWN property. If not, then you might have to do a sale. Sale the property.

My read is that he is in San Diego and the property is 3000 miles away in Georgia.

Yep, sounds like it's time to sell. I would not rely on a property manager (this is just my opinion) - nobody will manage my rentals like I will manage my rentals. So, if I can't manage them myself, it's time to sell. Good luck to you, raged.

I am a specialist in Multifamily and Retail in Georgia. I do not do property management.

A duplex is a very small property.The smallest you can have.

Multifamily you have duplex,triplex,and quad and then 5 + units is commercial.

Generally with duplex's and tri's you land agents that are struggling to make a sale so do property management for a little coin.As soon as the possibility of a regular sale exists they start letting your property they are managing slide.

There is no getting around you bought at the top of the market.You can contact me and I will give it to you straight as options and what to expect.

Have you not yet tried for a loan modification so that you can get your debt service in line with costs to break even until the market comes back in 2 to 3 years??