LLC or Personal Account?

[Billy Quirke]

Hello Everyone! 

I just closed on my first duplex, and before the closing I set up an LLC to have the deed quitclaimed, and opened a business account with my bank for the LLC. We were not able to perform the transaction at the closing, so the property is currently still under my name. I have already deposited funds into that account to help me keep track of expenses getting the property ready, budget, etc. The lender has told me that we will not be able to transfer the deed until everything is "recorded", and he said with their current backlog it could take up to 2 months.

There is already a tenant in the upstairs unit, and I am currently working on the renovations on the bottom, hoping to list it for rent within the next couple weeks.

My questions (and these may be stupid) are, can I still have the utility payments set up with the LLC's account while the property is set up in my name? And when I get the first rent check in January, does it matter if I deposit that amount into the LLC's account? I have enough in my personal account to cover the expenses, but I am trying to keep everything separate as much as possible. Just not sure if there are ramifications when it comes to the tax filing process.

Thanks in advance!