Husband and Wife Forming LLC for 1st Rental Property

[David Schuster]

Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out. I am working on setting up the LLC to move the soon to be rental home into and I have a few questions:

1. My wife and I will be the only members in the LLC should it be filed as Manager-Managed or Member-Managed?

2. Do I need to file the LLC in both our names to enable us to take full tax advantage?

Thanks in advance for your help!