Greetings From a Seasoned SFR Investor and Manager

Greetings From a Seasoned SFR Investor and Manager

Investor · Dallas, TX · Member since 2023 · 56 posts · 49 votes

Greetings BiggerPockets community,

My name is Tyson Schuetze and I am a 20-year SFR professional investor and manager.

I am a full-time investor and the owner/founder of Auben Realty, the southeast's first vertically-integrated full-service, investment brokerage. 

I recently founded Auben Capital Partners to focus my time and energy on raising capital.

Today, I lead a team of SFR experts who have transacted over 2 billion dollars in sales, completed over 30,000 renovations/developments and leased over 20,000 units.

However it was a long road to get to this point, full of lots of challenges and lessons learned.

Every week, I write a blog about my experiences as a long-term SFR investor and property manager who has has been fortunate enough to invest in many types of real estate in many different markets and many different market cycles.

My hope is my weekly blog will give others confidence to keep going and an easier journey to success.

I started real estate investing, while living in New York City and working as a leasing agent in my early twenties.

My first real estate investment was in Syracuse NY in 2005.

I relocated to Augusta, Georgia in 2006 to learn with a multi-family investor/mentor.

And then in 2009, I founded Auben Realty, which has grown from a small local shop to a regional presence with current locations in Chattanooga, TN, Columbia, SC, Greenville, Atlanta, Charlotte and Jacksonville.

Recently, Auben purchased a property management company in Kansas City to begin our Midwest expansion. This acquisition positioned us as one of the 10 largest single family property management companies in the country.

During the past 10 years, we have worked with a variety of large institutional clients in all phases of SFR including: acquisition/disposition, renovations, leasing and management.

However, Auben's model is deeply rooted in a strong local presence in each market.

Our goal is be local, while also offering an institutional grade service and back-end support.

I am excited to welcome two new divisions into the Auben ecosystem as of January 2024, Auben Capital Partners and Auben Development.

These divisions will allow Auben to continue to meet increased passive investor demand, primarily focused on raising capital for larger projects and investments, specifically portfolios of scatter site single family and new construction build-for-rent communities.

I love working and networking with investors, so please reach out and connect with me

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Great to meet you Tyson! 

I am always open to new connections. Would love to chat with you anbout your background and learn more. 

See this reply in the discussion

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  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Great to meet you Tyson! 

    I am always open to new connections. Would love to chat with you anbout your background and learn more. 

  • Member since 2024 · 4 posts · 2 votes
    2y

    Hi Tyson, nice path !

  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    2y

    Welcome to BiggerPockets, Tyson! It's fantastic to have you here. Your journey from New York City to building Auben Realty into a big regional player shows your dedication and know-how in the field.

    Excited to learn from you and connect with you!
    -Julio

  • Member since 2024 · 10 posts · 2 votes
    2y

    Hi Tyson,

    your road seems highly exciting, i will love to meet and chat

  • Will GastonPro Member
    Rental Property Investor · Columbia, SC · Member since 2010 · 1k+ posts · 2k+ votes
    2y

    @Tyson Scheutze what are you seeing in the Columbia market as of late?

  • Investor · Dallas, TX · Member since 2023 · 56 posts · 49 votes
    2y

    @Will Gaston what we are seeing in Columbia is the same thing we are seeing in most of our markets. 

    Recent winter months was the first time we have experienced typical seasonal slowdown since Covid. 

    The market is normalizing which in the short term can feel a little unsettling, but given run-up of past couple of years, some normalization is needed. 

    Lots of headwinds facing real estate, like the following: 

    • Inflation
    • Consumer Debt
    • Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buy
    • Owners interest-rate locked
    • Oversupply of class A multifamily
    • Stagnation of rent growth on assets aggressively underwritten at acquisition
    • Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance
    • Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capital
    • Institutional and local investors are both frozen by volatility and cost of capital and debt

    All that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon 

  • Member since 2021 · 9 posts · 1 vote
    2y

    We were very disappointed in our experience with Auben Realty. We purchased our first Georgia SFR through Auben and had them manage it for over 2 years. Communication was terrible - often took days or weeks and multiple emails and phone calls to get information. Tenant vetting was apparently sub-par as well, ending with eviction and several months with no rent. And several manager changes along the way. Continual frustration. Perhaps with only one rental in the portfolio, we were a fish too small to bother with. We ended that relationship in January.

    The only bright spot was their in-house maintenance and repair team. That was convenient.

  • Investor · Dallas, TX · Member since 2023 · 56 posts · 49 votes
    2y

    Apologies for your experience @Todd Weber. That is not the experience we seek for any of our clients. Can I ask when you were a client of Auben? And in what market?  

    We completely overhauled our operations a year ago because as we grew in size, we found we were not consistently and uniformly delivering the personal experience we desired. Our main focus  of the operational improvements included bringing in senior and experienced managers, providing more proactive communication updates and adding an investor hotline so as to ensure a more personal and communicative experience for our residents and investors.

    Thanks again for the feedback and goo luck on your investing journey. 

    If there is anything else you feel I should be aware of as an owner, you can reach me @ [email protected]  

  • Member since 2021 · 9 posts · 1 vote
    2y
    We were clients from 2021 to January 2024. SFH in Grovetown, GA.
  • Investor · Dallas, TX · Member since 2023 · 56 posts · 49 votes
    2y

    Apologies your experience was not what we would want for one of our clients. Good luck with your investing. 

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