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.

It’s in the Berkshires (western Massachusetts).

i use berkshire bank, it's a more local/regional bank in MA that i've been with for like 15 years for personal & both businesses. i like that i can walk in and everyone knows me, anytime i have an issue, which i just about never do. i actually didn't know stessa was a bank, i thought they were just a bookkeeping software!

Massachusetts  

Hello All,My cousin and I partnered up and purchased our first rental property in western Massachusetts.

It's some BS thing instituted by banks so they can collect interest for a few days. 

A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

Purchase price: $58,000,000 Cash invested: $74,000 I am a LP in a group fund that bought three large, institutional properties.

Purchase price: $58,000,000 I am a LP in a group fund that bought three large, institutional properties.

Letter from my banker of 25 years explaining how many deals we have done in the last 10 years and average balances carried in their institution.4.