Deep Spring Management
Investor-Focused Property Management in Central Austin
We manage investment properties the way operators think about them: strategically, proactively, and with long-term performance in mind.
Who We Are
Managed Like an Investment. Not Just a Rental.
Myria Free is the co-founder and operating partner of Deep Spring Management, leading property operations, leasing strategy, and day-to-day portfolio management across Central Austin. She brings more than six years of real estate investment experience spanning acquisition, renovation, lease-up, and long-term stabilization of Class B and C residential and mixed-use assets. Her work has focused on value-add and operationally intensive properties requiring active oversight, renovation coordination, tenant transition strategy, and lease-up execution — including multifamily assets in Central Austin, as well as investor-owned single-family portfolios and disposition-driven projects across Central Texas. Prior to real estate, she built her foundation in operations and client-facing revenue roles in wireless communications and hospitality sales.
Jordan Suber is the co-founder and managing principal of Deep Spring Realty, bringing a decade of real estate experience across residential brokerage, commercial acquisitions, and investment strategy. He built one of Austin's top-producing agent teams before transitioning full-time into commercial real estate, where he sources multifamily, affordable housing, and self-storage assets across the Sunbelt. At Deep Spring, Jordan leads acquisition strategy, investor relations, and deal-sourcing infrastructure — with a focus on the I-35 corridor and the broader Texas Triangle.
Chris Ragland is the co-founder and principal of Deep Spring Realty, with more than two decades of experience in real estate and private capital. He previously served as COO and Partner at Noble Capital Group, overseeing multiple private funds and more than $1 billion in loan originations, before founding Ragland Realty and Management — a fully integrated brokerage, construction, and property management firm operating across Texas. At Deep Spring, Chris leads deal structuring, capital relationships, and the operational discipline that underpins every transaction.
B & C
Class assets — our specialty
50
Units max — boutique by design
Direct
Access — no layers, no call centers
What Makes Us Different
“You are hiring an experienced investment operator, not a call center.”
01
Investor Mindset
We think about ROI, vacancy costs, and long-term asset performance — not just rent collection.
02
Hands-On Oversight
Boutique means you deal directly with us. No call centers, no layers.
03
Leasing Velocity
Faster leasing, smarter pricing, proactive renewals. Vacancy is expensive — we treat it that way.
04
Operational Experience
From renovations to stabilizing underperforming assets, we've done the work.
Who We Work With
Is Deep Spring a Fit?
We work best with owners who think long-term — local and out-of-state investors who want a trusted operator on the ground, not a management company that treats their asset like a ticket in a queue.
We are currently focused on selectively growing our management portfolio within Central Austin, with an emphasis on long-term investor relationships and operationally intensive Class B and C assets.
Single-family rentals
Class B & C assets throughout Central Austin
Duplexes, triplexes & fourplexes
Small multifamily with hands-on oversight
Small multifamily
Up to 50 units
Local investors
Austin-based owners who want direct communication
Out-of-state investors
Remote owners who need a trusted operator on the ground
Long-term hold investors
Owners focused on asset performance, not quick flips
We work especially well with owners who:
- Think in terms of ROI and occupancy, not just rent collection
- Own or are building portfolios in Central Austin
- Want a responsive, operator-led management relationship
- Are focused on stabilizing or improving property performance
We are likely not the right fit for:
- Owners looking for lowest-cost management
- Short-term rental operators
- Luxury or retail-focused properties
- Passive "set it and forget it" expectations
Our Model
Boutique by Design
Deep Spring is intentionally structured as a boutique property management firm. We focus on a limited number of assets in order to maintain direct involvement, consistent communication, and hands-on operational oversight.
We are not built to be a high-volume, ticket-based management company. Our model is designed for investors who value responsiveness, accountability, and strategic attention to their properties.
- Direct access to decision makers
- No call center structure
- Selective onboarding of new properties
- Focus on quality of management over quantity of doors
Services
What We Do
Core Property Management
This is the foundation of Deep Spring.
- Leasing and tenant placement
- Rent collection and financial tracking
- Maintenance coordination and vendor management
- Turnovers and unit readiness
- Tenant communication and renewals
- Property-level reporting
Investment Operations Support
This is our differentiator — the layer beyond day-to-day management.
- Renovation planning and coordination
- Lease-up strategy and execution
- Rental pricing strategy
- Stabilization of underperforming assets
- Operational performance reviews
- Portfolio-level guidance for long-term owners
Geography
Local Market Knowledge Matters
Central Austin is not a uniform market, and successful property management here requires more than broad market averages. Leasing timelines, tenant expectations, pricing strategy, and operational demands can shift significantly from one neighborhood to the next, especially across older Class B and C assets.
We focus on Central Austin because local knowledge directly impacts asset performance. Understanding how a Hyde Park duplex leases compared to a fourplex in North University or a small multifamily property in Crestview affects everything from renovation decisions to renewal strategy and vacancy timelines.
Our approach is informed by real operational experience in these neighborhoods:
- Managing older housing stock
- Coordinating renovations and turns
- Navigating high-turnover leasing cycles
- Working with reliable local vendors
- Understanding tenant expectations by submarket
We are particularly experienced with properties in and around:
Hyper-local operational knowledge is one of the biggest advantages a boutique management firm can provide. In our experience, successful management decisions are rarely made from a spreadsheet alone.
Experience
Operational Experience in Practice
2020 · 29 doors
The Kingston
We took over The Kingston at the height of COVID in 2021 — one of the most difficult operating environments in recent memory. Rather than patch and hold, we made the call to vacate the property entirely, execute a full renovation, and re-lease from scratch. It was a high-conviction decision that required careful sequencing of contractors, tight cost control, and a clear leasing strategy in an uncertain market. The result was a fully renovated asset with a stable, well-qualified tenant base and turnover that has remained consistently low since stabilization.
Outcome
- Stabilized occupancy after full renovation
- Improved tenant quality through full re-lease strategy
- Reduced turnover through improved unit condition and leasing execution
- Returned asset to consistent cash-flowing performance
2021 · 44 doors
The Halifax
The Halifax came to us in 2022 with more than cosmetic issues. Beyond the renovation scope, we uncovered and resolved a gas leak and a significant rodent infestation — the kind of problems that require immediate action, experienced vendors, and clear communication with both ownership and tenants. We coordinated all remediation work alongside the broader renovation, keeping the project on track and the property safe. The Halifax is now a well-maintained, fully leased asset that reflects what thoughtful management looks like from the ground up.
Outcome
- Resolved critical health and safety issues
- Completed full renovation alongside emergency remediation
- Restored full occupancy after stabilization period
- Improved long-term operational reliability of the asset
2022 · 30 doors
The Victoria
We acquired The Victoria in 2022 with a clear-eyed understanding of what it would take to turn it around. The property had problem tenants, deferred maintenance, and unresolved plumbing and pest issues that had been allowed to compound. We moved methodically — removing non-performing tenants through proper legal channels, addressing the underlying infrastructure problems, and completing a full renovation before re-leasing. The Victoria is now fully leased with a stable tenant base and a physical condition that protects its long-term value.
Outcome
- Repositioned underperforming asset through tenant reset and renovation
- Eliminated deferred maintenance backlog
- Achieved stable, fully leased occupancy post-renovation
- Increased long-term asset durability through infrastructure repairs
Philosophy
Property Management Should Protect Performance
Most property management companies say they handle the stress. We think that's the wrong frame entirely. Stress management is a byproduct. The real job is improving operational performance; protecting occupancy, reducing turnover, and treating your asset strategically over the long term.
That means proactive communication, not reactive fire-fighting. It means thinking about your property the way an owner does, because we've been on that side of the table. It means building a long-term relationship, not processing a ticket.
Let's Discuss Your Property
Tell us a bit about your situation and we'll be in touch.