All Forum Posts by: Max Appelbaum

@Mark Fries- totally understand you aren't trying to bash- it sounds like someone on our team may have been mistaken and really misrepresented our strategy- all good! In reply to the "bill the owners for extensive amounts of rehab"... unlike most pm companies, we make $0 on maintenance. No maintenance markups at all, we don't do maintenance in-house so we have no incentive to drive up repair and maintenance costs. We contractually obligate ourselves in our Management Agreement to make no money on maintenance. We also make $0 while the property is vacant, and so it is truly in our best interest to have all of our props cash flowing as soon as possible. We do manage many c class homes, as our team has much experience with these assets, but our portfolio spans a wide range of asset class. Happy to hop on a call and discuss more! Thanks.  

@Mark Fries- My name is Max and I work at Great Jones. Hope you and yours had a nice Thanksgiving. I do not believe you met with our founders, but regardless, we apologize if we gave you the wrong impression of our business strategy. Our goal is to build a time-honored organization which makes property management leaps and bounds better than the status quo, for investors, residents, and vendors like yourself. We have no plans to sell the company, and at our size, I am doubtful there is a national PM co that would purchase us (we are the national PM co). Please feel free to reach out to me direct. I would love to get more detail around your feedback, and share more about our vision. We always like to connect with other people in the space. 

Hi Kristen, my name is Max Appelbaum. FULL DISCLOSURE- I am our VP, Sales at Great Jones. I happened to see your post. Of course, we will let others chime in, but also would be happy to connect with you directly and share some references if that would be of help. Thanks for thinking of us, and hope you enjoyed the BiggerPockets conference.