High Return Real Estate Marks Four Years in Business, 350 Turnkey Properties
Industry: Real Estate
Real estate investment company celebrates anniversary and explosive growth in Indianapolis market and beyond
Indianapolis, IN (PRUnderground) September 15th, 2020
When Jack Gibson and Jeff “Shecky” Schechter met on a marketing-related conference call, they quickly realized how much they had in common. Both were born entrepreneurs who founded their first companies in their early 20s. Both began buying homes on the side and became passionate about the profit potential of real estate investment.
The two joined forces in 2016, pooling resources and know-how to help others find success in property investments. Four years and 350 properties later, they are a one-stop shop for real estate investors experiencing higher demand than they ever anticipated in the Indianapolis turnkey rental market and other markets around the world.
Gibson serves as the president, and Shecky serves as the CEO of High Return Real Estate LLC. They find distressed properties that are not available through traditional channels, then coordinate painstakingly thorough rehab to turn those properties into rentals that will withstand tenant wear and tear for years to come. Once the properties are ready, they work with their property management partner to place tenants, manage upkeep, and collect rent. Investors get highly affordable properties that yield powerful, sustainable streams of passive income.
Shecky said that the High Return Real Estate, LLC of today is the result of years of fine tuning processes leading to maximum convenience and profitability for the investor. He and Gibson handled property management and rehab in-house for a while — a business model common in the industry. Ultimately, they didn’t have the economies of scale to make the management portion profitable. Earlier this year, they found the “sweet spot” with the unconventional decision to outsource these tasks to Great Jones — a leading national property management firm with a sterling reputation.
“This partnership was a bold move on our part. Conventional wisdom says to keep property management in-house — mostly because it’s impossible to find the ‘unicorn’ third-party provider that can do everything that needs to be done — and do it well,” said Shecky. “We found everything we wanted in Great Jones and haven’t looked back.”
In their partnership with Great Jones, High Return leverages sophisticated software, investor portals, customer service agents and field crews — all of which integrate with the acquisition and rehab sides of the business and provide full accountability for turnkey property management. They are also able to offer investors fixed pricing on maintenance and repairs and move away from the gouging that is common with third-party property management providers.
High Return Real Estate also began working with a preferred lender, which enables them to be a one-stop shop for investors.
“We’re very focused on making this process as convenient as possible for our investors, and this change allows for truly turnkey service,” said Shecky.
Shecky and Gibson have been able to help their investors achieve cash flow at three times the national average — a gain they attribute to their efficient processes.
“We’ve invested a lot of trial and error into this. We’ve made mistakes on our dime so other people don’t have to do the same on theirs,” said Shecky. “Our company is bringing in more investors than we could have hoped for — even with the current economic challenges.”
High Return Real Estate has been featured on CNN, NBC and Forbes News. To learn more about the company or their track record over their four years of growth, call (317) 588-2929 or visit www.HighReturnRealEstate.com.
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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