Transferring rental to LLC... When?!

[Nick Dillaha]

Hey guys, newbie here. Just purchased a owner occupied residence (second property - woot!) and have a renter set up for the 1st of January on my first property. I have an LLC set up but haven't transferred the rental property to it yet. Is there any reason to wait until 2017? Any tax benefits to keeping it in my name until January 1st?!

Also, any advice on opening a bank account strictly for the LLC? Easier/beneficial for taxes?

Thank you!