Real Estate Blog

Investor Interview with Stan Nurnberger

Wednesday, September 18, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Stan Nurnberger, Investor 

Q: Who was your first business mentor?  

A: Myself and books.


Q: Who was your first mentor in real estate?  

A: Myself and books.

 

Q: What is your favorite book? 

A:  It is hard to say I read so many. "Spenser" books by Robert Parker, and the works on Christianity by Bart Ehrman

 

Q: What is the best lesson you have learned in real estate? 

A: It is hard to find a property management team that does more than find tenants and collect rent. Very, very few tenants will take good care of your property.


Q: How many properties do you own? 

A: Up to 10.

 

Q: When did you start investing? 

A: As soon as I graduated and got a full-time job.

 

Q: Why do you Invest?

A: It's what I was taught: Invest and save for the security of the future. "If I'd known retirement was so wonderful, I would have saved more and retired sooner."

 

Q: What is the best advice you have received?  

A: Know who you are and how you come across to other people. Even if your motives are good and honorable, that might not be the way you are perceived.

  

Q: Do you have any hobbies?  

A: SCUBA diving; handyman work; digitizing, investigating, dating and editing very old family photos.


Q: What is the best advice you could give someone else? 

A: Being in business for yourself is very rewarding, but it is also important to look at your ability for future retirement security, medical insurance, etc.--that, in the past, came from corporate employers.


Q: Is there a place for you where time slows down?  

A: When I take time to learn new things.


Q: If you were a member of a music group, you would be _________?

A: If I had any musical ability, I would enjoy being a drummer in a marching band.

 

Q: Who first introduced you to Auben?

A: I met Tyson Schuetze in 2009, probably before Auben first started.


Q: If you weren't investing in real estate you would be_______.

A: More involved in the stock market.


Q: If you were to start over_______.

A: It would be easier to decide to go into business for myself since corporations are not as paternal or generous as they were in the past. 

What Makes Us Auben?

Friday, September 13, 2019

Take a seat, this is a long one.

Next month, marks 10 years in business for Auben. As we look towards a bright future, I thought I would take a minute to tell a little about our past and how we got here. There were several entities that smashed together to give birth to Auben Realty in the fall of 2009.

Sitting squarely in one of the greatest depressions in the history of the United States, I liked our chances. We were inexperienced, naïve and optimistic—all of the things you need to start a business.

Over the years, many things have changed but our ambition has never wavered. Even back in 2008, before Auben even existed, I was already looking international for our property acquisitions. We were a family run business with a global reach—an interesting combination.

I typed the word “plan” into my computer and 1627 results showed up. Further evidence that we had no idea what we were doing, so I personally had to be extremely flexible--so much so that someone once made a shirt for me that said I am flexible and it wasn’t for my ability to touch my knees.

But Auben is not about me and my knees. When working correctly, Auben is about a collective groundswell of energy that builds and builds until it becomes an engine of change--until we become changemakers.

As the energy builds, my job is to help us up our game and find a bigger field. I am working diligently to do this. However, there are several others who deserve the real credit for Auben. They are folks who don’t crave the limelight but deserve the recognition. Two are my family and one I have always thought of as a sister—we have had enough fights that surely we have to be related.

Auben would not be here without Natalie Walls, Audrey Schuetze and Bill Schuetze. Each one of them has worked relentlessly and selflessly to help Auben keep it’s doors opened and they all deserve our gratitude.

You will be hard-pressed to outwork these 3 people and I have images seared in my brain of my mom working at midnight reviewing handwritten time sheets, my father sitting in a windowless room calling back every single lead that called in and patiently listening before promising that I would weave bricks into gold.

The last person, Natalie Walls is Auben. She is one of the hardest working, most loyal human beings I have ever met. I love her and I am lucky to have met her. She embodies Auben’s underdog spirit and relentless push. She can be prickly like a cactus but there is so much love beneath those thorns. She kept me inline so many times it has been ridiculous. She has been the balance the organization needed to my optimism. And frankly we wouldn’t still be in business if I hadn’t met her. When I was trying to build spaceships, she was tracking nickels in our bank account.

I have been very fortunate in my life for many reasons. But one of the biggest reasons I have been successful is that my parents wanted nothing more than improvement for their children and they  have spent a lifetime investing in my knowledge, education and experience. It has truly been a gift and I am fortunate beyond belief. With this fortune comes an obligation to pay it forward and the promise that I make to all of you is that I will try with all my might. I have made a lot of mistakes and will make plenty more but my daughter’s book bag (which she created on her own) tells me we are on the right path

“I am a Changemaker—You can be one too”---Margot Schuetze

Thanks for being apart of this journey and making this a truly special organization,

Tyson Schuetze.

Investor Interview with Chris West

Friday, September 6, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Chris West, Investor & GC

Q: Who was your first business mentor?  

A: Mark Hawkins, one of my best friends. He has a very common sense approach toward business, investing and risk management. 


Q: Who was your first mentor in real estate?  

A: David Williams, who I met standing in line at the DMV. I couldn't believe how helpful he was, and willing to share information about real estate investing. I've come to learn that most investors have this mindset, and love to share what they've learned with others who are just getting started.

 

Q: What is your favorite book? 

A: The Gospel of John is the foundation for my faith. Think and Grow Rich gave me fuel and direction in my quest to leave my 9 to 5--which I did in 2015.

 

Q: What is the best lesson you have learned in real estate? 

A: Great partnerships are rare. Resist the urge to have a partner unless the situation and partner are unique and vetted properly.


Q: How many properties do you own? 

A: 40+

 

Q: When did you start investing? 

A: I bought my first rental in 2005, on Battle Row.

 

Q: Why do you Invest?

A: To have more freedom and choice in what I do.

 

Q: What is the best advice you have received?  

A: Sometimes the best deal is the one you never do.

  

Q: Do you have any hobbies?  

A: Going to the gym and playing racquetball


Q: What is the best advice you could give someone else? 

A: There will be bumps along the way. Use debt carefully and have reserves to weather tough times. 


Q: Is there a place for you where time slows down?  

A: Salter Path, NC

 

Q: Who first introduced you to Auben?

A: I met Tyson at Augusta REIA years ago. We knew each other casually for years, and I began working more closely with Auben starting in 2015.


Q: If you weren't investing in real estate you would be_______.

A: I'm doing what I love. I can't envision doing anything else.


Q: If you were to start over_______.

A: I wouldn't buy "weird" properties. It's hard to describe one, but you know one when you see it. They are cheap for a reason, and not profitable. 

Investor Interview with Joe Felz

Friday, August 30, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Joe Felz, Investor & GC

Q: Who was your first mentor in real estate?  

A: Malcom and Brian Estroff

 

Q: What is your favorite book? 

A: "Sapiens" by Noah Yuval Harrari or "Born to Run" by Chris McDougall

 

Q: What is the best lesson you have learned in real estate? 

A: Borrower is servant to the lender. DON'T BE CHEAP.


Q: How many properties do you own? 

A: 35-37

 

Q: When did you start investing? 

A: 2012

 

Q: Why do you Invest?

A: So I can travel the world and see things. I don't know what else I would do with the money.

 

Q: What is the best advice you have received?  

A: "The important things get done." --Mike Felz and "Leave it better than you found it." --Fran Noftsier

  

Q: Do you have any hobbies?  

A: Ultra-running, hiking, fishing, reading...heckling climate change deniers 


Q: What is your favorite podcast?

A: Never listened to one.


Q: What is the best advice you could give someone else? 

A: DON'T BE CHEAP.

 

Q: Is there a place for you where time slows down?  

A: Running on the trail about an hour before sunrise when everything starts to turn from pitch black to grey.


Q: If you could be a member of any music group, you would be? 

A: Led Zeppelin, duh.

 

Q: Who first introduced you to Auben?

A: Betsey Davis


Q: If you weren't investing in real estate you would be_______.

A: Living on a self-sustained farm with a spring and solar power--somewhere far away from society.


Q: If you were to start over_______.

A: I would skip the 2-3 years of college, and travel extensively instead. 

Investor Interview with Gould Hagler

Thursday, August 22, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Gould Hagler, Insurance Broker & Investor

Question: Who was your first business mentor? 

Answer: Dee Bruker 

 

Q: Who was your first mentor in real estate?  

A: Tyson Schuetze

 

Q: What is your favorite book? 

A: "Into the Heart of the Sea, Tragedy of the Whale Ship Essex"

 

Q: What is the best lesson you have learned in real estate? 

A: Buy low, hold forever.


Q: How many properties do you own? 

A: 13

 

Q: When did you start investing? 

A: 2012, I think.

 

Q: Why do you Invest?

A: Financial security

 

Q: What is the best advice you have received?  

A: A great real estate deal comes along once a week. 

 

Q: Do you have any hobbies?  

A: Running, biking, swimming, camping 


Q: Where is your favorite city in the world?

A: Boston 


Q: What is the best advice you could give someone else? 

A: Don't let splitting hairs ruin a good purchase.

 

Q: Is there a place for you where time slows down?  

A: Any beach in the Caribbean 


Q: If you could be a member of any music group, you would be? 

A: Kenny Chesney seems like he's got it pretty sweet, so maybe his band.

 

Q: When were you first introduced to Auben?

A: 2009

 

Q: If you were to start over_______.

A: I would have started investing in real estate much earlier.

 

Investor Interview with Marion A. Stevenson

Friday, August 16, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Marion "Al" Stevenson


 

Question: Who was your first business mentor? 

Answer: My family. Most were small business owners. 

 

Q: Who was your first mentor in real estate?  

A: My Uncle John Vester. And he still is today.

 

Q: What is your favorite book? 

A: Lincoln on Leadership 

 

Q: What is the best lesson you have learned in real estate? 

A: Be ready to pull the trigger on a deal. They may not come around twice. 

 

Q: How many properties do you own? 

A: 30+

 

Q: When did you start investing? 

A: Most of my life--in real estate, 2007.

 

Q: What is your definition of success? 

A: When you can sleep well, and with a clear conscious.

 

Q: Why do you Invest?

A: I love it, and it's helping me to reach my retirement goals. 

 

Q: What is the best advice you have received?  

A: Don’t treat your real estate as home, but as a business. 

 

Q: Do you have any hobbies?  

A: Finding a deal, hunting, and spending time with family.

 

Q: Where is your go-to or favorite vacation spot? 

A: Glovers Reef, Belize

 

Q: Where is your favorite city in the world?

A: Vancouver, BC or Wellington, NZ

 

Q: What is the best advice you could give someone else? 

A: You won't know success until you have blown it twice. Losing it all or making a bad decision is where you learn. The earlier you do that the better off you will be. 

 

Q: Is there a place for you where time slows down?  

A: In a hunting stand or my pool. 

 

Q: What/Who first brought you to Auben?

A: Meeting Tyson and a colleague over dinner and drinks at Mi Rinconcito in Grovetown 2013.

 

Q: If you were to start over_______.

A: I would have gotten into Real Estate earlier. 

 

Q: If you weren't investing in real estate you would be______.

A: Farther away from retirement than I am. 

Investor Interview with Kenneth Mooney

Thursday, August 8, 2019

Investing is for all types of people, from many backgrounds and schools of thought. You may find similarities among other investors, or learn something new!

Herewith tips and insight, is Kenneth Mooney, Analyst at Auben Realty.

Question: Who was your first business mentor?

Answer: Kristopher Bognot. We still do the occasional real estate deal together.

Q: Who was your first mentor in real estate?

A: Jaron Bergeron. I interviewed a local attorney, who referred me out to two people. Jaron’s partner was the second referral. Jaron eventually took me under his wing, and taught me the ropes of real estate investing. When I had the opportunity to move to Auben as an agent he’s who I asked about the company. He said, “Go for it!” And here I am.

Q: What is your favorite book?

A: It’s a tie: Think and Grow and Rich Dad, Poor Dad. While Rich Dad taught me more about the generalities of how money works and how to build your net worth, Think and Grow was a game changer. It caused a complete 180 [degree shift] in my mindset.

Q: What is the best lesson you have learned in real estate?

A: Don’t be greedy.

Q: How many properties do you own?

A: Currently, ten properties. I’m working on acquiring another four via owner finance.

Q: When did you start investing?

A: I purchased my first house in April 2015. 

Q: What is your definition of success?

A: Success is having the financial stability to do what you want to do, when you want to do it, within reason. It doesn’t have to be the ability to hop on a private jet to Ibiza when you want...could just be to play golf when you want. 

Q: Do you have any hobbies?

A: I enjoy looking at houses. It’s a blessing that I truly love what I do for a living. I am currently training for a half marathon. It’s probably more of a challenge than a hobby though.

Q: Where is your favorite city in the world?

A: Stockholm, Sweden

Q: Why do you invest?

A: I invest in real estate because it is literally all I know. I started learning about investing when I was 22, and started investing when I was 23. 

Q: What is the best advice you've received in this business?

A: Do the right thing. 

Q: Do you have a favorite sport?

A: Tennis. Federer is the greatest of all time.

Q: What advice could you give someone else investing or looking to invest?

A: Always do what you believe is the right thing, and you will end up just fine. 

Q: Is there a place for you where time slows down?

A: At my office desk, at around 1:00--right after I’ve had lunch!

Q: If you could be a member of any music group, which one?

A: It’s not really a music group, but probably Taylor Swift because my fiancée loves her. 

Q: What/Who first brought you to Auben?

A: When the lead agent at the time posted on Facebook looking for an agent/investor.

Q: If you were to start over _________.

A: I wouldn’t have bought all of those flips in 2018. 

Q: If you weren’t investing in real estate, you __________.

A: No clue what I’d be doing. Probably something revolving around tennis. I played a year of D-1 tennis at Presbyterian College.

The Importance of Working With Investor-Focused Agents

Thursday, March 21, 2019

Not all sales agents are created equal. The most successful Realtors find their niche - whether working with first-time homebuyers, or focusing on specific price points, neighborhoods and zip codes. 

Investor buyers rely heavily on market expertise, knowledge of financial lending, and the ability of their agent-partners to assess the potential and risk involved in investing. The Auben Realty sales team has more than a decade of experience working with investors, and has facilitated thousands of investment property transactions. Auben agents are investor-focused. They are committed to building lasting rapport, and offering the best opportunities and solutions which align with their client's investing goals.


Meet the Auben Realty Sales Team:

Betsey Davis, Realtor (Licensed in GA & SC) – a Thomasville, GA native, Betsey found her way to Augusta via Augusta State University (now Augusta University). She has been investing in real estate since 2004. Her initial investments included short-term rentals with equity building opportunities achieved through renovation.  Betsey’s work with local non-profit organizations, led her to advocate the need for quality affordable housing and stabilized housing for homeless families in the Augusta area.  To date, she has sold over 500 real estate investment assets in the Southeast.  

Andrew Crumrine, Realtor (Licensed in GA) - For more than a decade, Andrew has been a visible advocate for Augusta businesses. He previously owned and operated the formerly successful restaurant Crum’s on Central. He decided to leave the fast-paced, long hours of the food service industry to focus on his family. Since then he has returned to real estate sales, and continues to invest in residential and commercial properties. Andrew has extensive market knowledge, along with a vast network of friends and business partners in the CSRA.

Christine Kusters, Realtor (Licensed in SC & NC) – Christine left a career in paramedics and directed her efforts to serving others through real estate. Christine started in property management, but soon found that she enjoyed the autonomy of working as a licensed Realtor. For the past several years, Christine has assisted investors through property management, project management, and real estate sales transactions. 

Richard Early, Realtor (Licensed in SC) - Richard brings six years property management experience, as well as work in new home sales, and foundation repair. He's always had a passion for real estate and home improvement. The Columbia, SC native is currently working toward investing in properties of his own.

Karenia Clark, Sales Transaction Manager- After years in social work, Karenia has found a renewed sense of excitement and purpose in lending support to the Auben sales team. Karenia is also involved in the organization, Family Promise of Augusta, of the leading national nonprofit addressing family homelessness, providing homelessness prevention, emergency shelter, workforce development, education, financial capability, health and wellness.

April Woods, Transaction Coordinator - April worked as a paralegal for a regional law firm at their Columbia and Atlanta locations. She now assists our sales department with closings and other legal transactions. When she’s not in the office, she enjoys volunteering and spending time with her family.

Natalie Walls, Broker in Charge (Licensed in GA, SC, NC & TN) A graduate of Auburn University, Natalie found her passion in real estate after college. She’s been with Auben Realty since the very beginning, and has helped lay down the foundation of this organization. She currently invests in real estate in the Augusta area, and has more than a decade of experience working with investors. 


Learn more about the importance of working with investor-focused (friendly) agents here.

Why work with investors?

Thursday, March 14, 2019

Tyson Schuetze, Natalie Walls and Phillip Vera

Auben Realty celebrates ten years of business this year, and a major part of the company's success has been the ability to adapt to changes in the market. And now more than ever, the experience that comes along with not only working with investors, but being investors. 

It began with Tyson Schuetze, a young entrepreneur who started in real estate as a sales agent in New York City in the early 2000s. He purchased his first investment property in the upstate, and quickly saw a need to educate himself on how to manage the renovation and leasing of his first rental. He traveled to regional conferences and met other investors, some of which became mentors. Tyson pored over data and articles which highlighted the do's and don'ts of property management, and while he encountered several rookie mistakes along the way, he was determined to build a business for himself. It wasn't long before he realized that in order to grow his portfolio, he would need to look at more affordable markets. In 2006, he packed up a U-haul, and headed south to Georgia, where a couple of his conference-going mentors were based in Augusta.

He jumped into partnering with other investors who walked him through the investment buying, renovation, and re-selling of properties. This was an exciting--and exhausting time. The real estate market was hot, and home flipping was hotter. Tyson spent years crawling under houses, analyzing data, attending investor meetings, and continued to travel to conferences. Late nights were spent writing business plans, budgeting for the repairs and renovations, and doing the work himself, but also looking for partners who possessed the skills and experience he lacked. 

By 2008, the bubble had burst. Bad loans, over-leveraging, and a downturn in the economy left millions of people unable to pay their ballooned mortgages, and unable to sell their home for what it should have been worth. Traditional sales were on the decline, and investors were no longer able to flip houses as quickly and easily as they once could. This was a time to get creative. Tyson had to get in front of bankers who turned him down repeatedly for loans--as lending was very conservative at the time. He had to continue forging relationships with agents, vendors, other investors, and the people who desperately needed to sell their homes. This was a time when listening to others, and being solution-oriented was paramount. It was also a time when the status quo looked far less enticing. Tyson wanted to take what he learned from his experience and the advice of others and invest in areas that no one else wanted to be in. Columbia County was bursting at the seams with new construction, shopping and dining. Tyson was drawn to the historical and cultural nuances of Richmond County, and saw the potential to make a difference in bringing back the neighborhoods that had all but been abandoned. He began to invest in Harrisburg, Old Town, downtown, the "lower" Hill, and South Augusta.

After three years of blood, sweat and tears in Augusta, Tyson was ready to give more--blood, sweat and tears, but he had the foundation in place to bring others onboard who were eager to build something from the ground up. Natalie Walls was there from the beginning as an assistant with property management experience, and now as partner and managing broker. They began Auben Realty as a way for Tyson to manage his own properties, but grew out of the necessity for other investors in the Augusta area who were looking for property management services. And it continued to grow for investors who also needed assistance in the buying and selling of properties. Some investors didn't have the same vision of downtown and Richmond County that Tyson had, but with the hiring of agents and the start of a brokerage he could service those clients with the same level of expertise. And yet many investors believed in what Tyson was doing, and had the capital to invest in neighborhood blocks where they could renovate homes and essentially help increase values in the area. And now more than ever, these areas are reaping the benefits of a strengthening economy and influx of people moving in.

The Auben Team continues to expand--with an office in Chattanooga and doing business regionally in SC, GA, TN and NC. The team also continues to attract members who are tenacious and eager to learn and grow with the company. They share a desire to invest in real estate, but also in themselves. And while the company now operates under the leadership of Phillip Vera, CEO and Alex Becker, Director of Operations, everyone is encouraged to take ownership in their role and contribute to the success shared as a team.

As Auben Realty approaches a decade in business, the company is more focused than ever on what it means to invest in a community, and service investors with firsthand knowledge and experience. After all, it is a company made up of investors for investors. 

Read more about the benefits of working with investors here: Why Work With Investors? What You Need to Know About Real Estate Investing (RIS Media)

Holding Steady

Monday, March 4, 2019

Holding Steady

Nationwide home flipping was down in 2018, but many investors are continuing the hunt for bargains. The primary focus for investors continues to be in the lowest-priced areas of the country, where levels of financial distress remain highest.

Home Flip Trends in 2018:

  • Decrease in average time: Homes flipped in 2018 took an average of 180 days to complete, down from 181 days in 2017.
  • Decrease in square footage: The average square footage of homes flipped in the fourth quarter was 1,408, the smallest average square footage on record for CoreLogic’s report, dating back to the first quarter of 2005.
  • Decrease in Financing: Thirty-six percent of all homes flipped in the fourth quarter were financed, down from 39.5 percent a year ago.

While the average price per home in the Augusta and Chattanooga markets continue to increase, by 6% and 8% respectively, the overall prices remain below national average. And the opportunities for investing remain ripe as the economic development of these areas continue to strengthen; attracting renters and new home buyers into the markets. Many investors are looking at areas that were once hit hard by financial hardship and seeing opportunity for growth as mortgage rates hold steady and the number of jobs increase, resulting in greater demand for housing. Greater demand paired with steady increases in home values is attractive to investors who wish to hold onto their properties for the purpose of generating rental income and asset building.

Another attractive quality for investors in Tennessee, and Georgia and South Carolina, along the Savannah River is the level of economic market freedom. Economic market freedom, as defined by Dean Stansel for the Reason Foundation, is the freedom of the individual or business to use their resources as they wish without undue interference from the government. This is important, as it promotes prosperity. These markets tend to experience population growth and economic opportunities for all. Augusta ranked 74th and Chattanooga 59th in the under 1 million study placing them in the top 25 percent of MSAs with the most economic freedom.

As with many other national real estate trends, we anticipate our markets to remain steady with continued growth. There doesn't appear to be a slow-down in sight for the foreseeable future. 

Sources: 

"Home Flipping Slowdown Could Be Temporary, Report Says,"  Realtor Magazine (Mar. 1, 2019)

"Ranking U.S. Metropolitan Areas on the Economic Freedom Index," Reason Foundation (Jan. 31, 2019)


Showing 1- 10 of 28

Have a Question?

Contact Us
Copyright © 2019 Auben Realty. All Rights Reserved. Property Management Website by PMW | Sitemap