got property under contract and setting up llc

[Jason Malabute]

Hi guys,

I finally have my first rental property under contract. As long as the inspection goes good on Monday I will have my first rental property. I'm so excited.

Questions:

1. When should I start setting up LLC to put property in?

2. When should I tell the property manager so we can start doing paper work so he can start managing property ?

3. When should I open business bank account for this property?

Do I do all the things above after closing?

Thanks,

Jason