Christian Szpilfogel started as a hobby investor in 2005 in the Ottawa area and, with Chaunei Chan, converted the hobby into a full time business in 2017. Originally they would acquire cash-flowing Multi Unit Residential (MUR) buildings and ride the market but this has been refined into a more focused forced appreciation strategy including MUR renovations, expansions and new builds. Their early days taught them the basics of property management and as their portfolio grew they have become much more sophisticated in the management of their properties and the more intricate aspects of tenant management, especially when they pick up distressed assets with troubled tenancies.
They have applied a number sophisticated methods in property acquisition, advanced financing and credit techniques, property management and tenant management. While they predominantly focus on MURs they also have about 25% of their holdings in commercial units. Christian enjoys giving back to the community and is an active participant in various landlord support and networking groups.
This episode was originally featured on The Truth About Real Estate Investing in September 2019