I have been interested in diversifying my portfolio a bit, possibly as a hedge against future inflation. I recently acquired a condominium unit and have just secured a tenant for a two-year lease. The property is currently titled in my name, but I am in the process of establishing an LLC for protection, more than anything. I have two weeks before the tenant moves in (a single professional lady in her 30s with no pets - I got lucky). Any words of wisdom from any of the Business and Investing Forum as I go forward? I have a full-time job, so I don't really have a lot of time to spend on managing the property. It is fairly new, and I just had a full inspection prior to my purchase of the unit. The contract is signed as is the HOA lease agreement. I will be paying the HOA fees and she will be paying all of the utilities. The living room and dining room furniture is mine and will be left in the unit per the tenant's request, as are washer, dryer, refrigerator, and microwave. I have several months remaining on the warranty of the heating and air conditioning and other homeowner's warranty from the purchase. The contract is a standard Georgia rental contract which was provided by the realtor who found the tenant. Thanks
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