Taxation for LLC / Personal

[Jared Hauf]

I have one rental property that is under my personal name. I'd like to buy a second and put it under a LLC. My question is, since I've never ran a business under a company name, how do the taxes work? Will my LLC pay taxes on the income received from rent and I pay taxes on income received from the company in affect being double taxed? If so, is there a way to avoid this?

Thanks.