Accidental Landlord
Today I am talking to Philip Taylor who runs the blog site ptmoney.com and also started the financial blogger conference, FinCon. PT started the conference four years ago with 250 bloggers, in 2014 he enjoyed 600 registered attendees and he expects 700 to register in 2015. When I reached out to PT to join my show, I thought he might want to talk about his unexpected success of starting a conference from scratch; however, he really wanted to discuss his newfound love of real estate investing.
What We're Drinking
Philip Taylor - Blue Moon Beer
Shannon - Deep Eddy's Cranberry Flavored vodka with a splash of soda
Podcast Notes
PT realized that when a career in football was not in his cards he would need to pursue a career in public accounting
He started his corporate career with 10 years in internal accounting where he saved money and paid off his student loans
PT explains how he became an accidental landlord through owning another property
Shannon asks PT if he was concerned with having too much debt in owning two properties, both with mortgages on them
To check out PT's real estate ups ands downs, check out his site ptmoney.com
Resources PT likes for real estate owners: Transunion, Chase Quickpay
PT shares best practices for picking the right tenants and protecting yourself as the landlord at the same time
PT shares different ways to invest in real estate other than just direct investing
Make sure you make the 1% rule achievable before you pull the trigger on an investment
PT explains why a starter home is a great first property to maintain
Random 3 Questions PT Answered:
If you could see a band live, which band would you want to see?
If you could have another job than what you are doing, what would it be?
If you had $1MM dollars, what would you do with it?