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On today’s episode, Darren is joined by Shane Unruh, Founder and CEO of XS Asset Management, a vertically integrated asset management company that identifies, purchases and manages large scale multifamily apartments. Darren and Shane talk about how Shane got into the multi-family business, how he started his company, the challenges and success stories, as well as where he sees market trends going in Alberta and Canada at large. Tune in now!

Show notes:

00:00 - Introduction to Shane Unruh

1:45 - Current state of the multi family market

3:35 - Average rent in Edmonton

7:20 - Challenges of getting into multi family real estate

9:40 - What does an investment with Shane and his team look like?

13:10 - How much leverage and amortization on a typical property?

14:25 - Breaking down the CMHC

17:15 - Interest rates comparison

17:50 - Shane’s approach to managing properties

20:00 - Multi family real estate trends

22:25 - Upcoming niche markets

26:35 - Success stories from Shane

29:15 - Advice for new multi family real estate investors

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FIND SHANE ON:

WEBSITE: https://xsassetmanagement.com/home/

INSTAGRAM: https://www.instagram.com/shaneunruh_/