Can a multi-member LLC collect rent and claim taxes on...

[Andrew DeWeerd]

Can a multi-member LLC (filing taxes as a S-corp), collect rent and claim taxes on a property (as if the property WERE in it's name) when the deed is under one of the LLC co-owning members personal names?

This question comes from the fact that I'll need to take out a mortgage in my personal name in order to finance the property, and will want to transfer the deed to the LLC afterwards, but I'm not sure of how long the processing time will be in making that happen, and if their will be a current tenant in the property that will have rent that needs to be collected, etc...

Thanks in advance BP'ers!

Andrew DeWeerd