LLC to manage rental properties

[Mano G.]

We recently took over managing our properties on our own. My husband and I created an LLC to manage the units. The purpose of the LLC is to separate the income and expenses from the rentals from our personal expenses. We cannot put the properties in the LLC because we still have mortgage on these properties. Is this a bad idea since we cannot put the rentals on the LLC? We are new to this and are now unsure if we made the right move. Any suggestions on this are greatly appreciated. Thanks!