High Return Real Estate LLC Partners with Great Jones Property Management
Industry: Real Estate
Turnkey Indianapolis-based real estate investment firm creates “industry disrupting” model in its alliance with Property Management firm
Indianapolis, IN (PRUnderground) April 22nd, 2020
People look to High Return Real Estate LLC to help them acquire, renovate, and manage lucrative real estate properties. Like other real estate investment firms, they started out handling the management piece with an in-house division, but they had a greater vision for servicing their clients. Their solution: team up with an independent Property Management firm — Great Jones — for a partnership that is disrupting the industry model and saving their investors big bucks.
Indianapolis-based High Return Real Estate LLC helps people discover high-yield, low-hassle real estate opportunities. They buy in bulk, achieving the best bargains to pass on to investors. Through their turnkey real estate services, they rehab the properties, place tenants, collect rent and handle all maintenance and upkeep so investors can collect profits without the headaches.
The company is excited to announce that they have joined forces with Great Jones Property Management. Jeff Schechter, High Return’s CEO and Co-founder, said that the partnership bucks convention but is producing stellar results that could change the standard model industry-wide.
“We’ve turned the model on its ear,” said Schechter of his company’s choice to partner with an independent, rather than in-house Property Management company. “In our partnership with Great Jones, we are doing things much differently than our competitors. It leaves us all to do what we do best, and so the investor is put in the best position.”
Schechter said that his company got a lot of criticism for their unusual decision to move to an outside management company, but he knew it was the only way to give his investors all of the resources and services that they needed at a reasonable price.
“When we set out to find a management company, our laundry list of requirements was so long, we thought we’d never find someone,” said Schechter.
The list included sophisticated software, robust investor portals, customer service agents, and field crews. The High Return team also wanted dynamic integration with the acquisition and rehab sides of their business as well as systems and complete accountability for Property Management across all existing and target markets. And above all, they wanted a Property Management company that offered fixed pricing on repairs and maintenance instead of gouging investors with huge markups.
“This is how typical Property Management companies stay afloat,” said Schechter. “They don’t make enough on management fees, so when they have to clean up or repair a property, they charge wildly inflated prices, and it kills investors’ profit margins.”
Great Jones however, is big enough that they are able to sustain their business base on management fees alone.
“With this model, the money motivation is to keep the place rented and performing, as that is their only source of revenue. The difference is made up in economies of scale,” said Schechter.
Schechter said that just a few months into working with Great Jones, investors are raving about the difference.
“They are getting treated very professionally with full service and total accountability,” said Schechter. “They have also reported that Great Jones is catching things that even third-party inspectors don’t catch. They want properties to be in the best possible shape so they can secure the best tenants.”
Schechter leads High Return Real Estate LLC along with Jack Gibson, who serves as the President of the company, and, like Schechter has years of experience flipping homes. They started High Return after discovering their common interest in investing in real estate, which has outperformed the stock market 2:1 since 2000. Today, they help investors from around the globe discover passive income through real estate investments.
High Return Real Estate LLC has been featured on CNN, NBC News, Forbes, and Google News Lab. To learn more about the company, visit www.highreturnrealestate.com or call (317) 588-2929.
About High Return Real Estate
High Return Real Estate provides a straightforward way to accelerate real wealth with real property. Known for their strategic turnkey real estate investing, the company aims to produce some of the highest returns in the real estate investing arena.
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