business or personal banking account

[Jim Vanhorn]

So I am in contract on my first rental property. I went online and created an LLC with me and my wife as the members. I am hearing that insurance is more expensive when the property is llc owned and since I signed personally I would have to transfer llc after closing. I also think the llc may be overkill for my first property. But I do like the idea of receiving rent payments to an LLC rather then personal. My plan is to open a bank account for the llc and deposit checks into it built own the property personally. I am also probably going to use cozy for rent. What do you all think? Do I need to just pick one or the other or will this approach work?