i just want to make sure I understand the situation. there is one LLC of which you are the only member that owns the real estate. there is a second LLC that manages the real estate that someone else is a member and maybe yourself.
if the other party is the only member it should be furnishing you with a listing of income it receives and expenses it pays on your behalf on the rental property because those are reportable on your return along with the management fee paid
if the second LLC is multi-member a partnership return filing is required. if you are the other member you get a k-1. reporting of the rental income and expenses, except for the management fee, would be the same as above because the LLC is an agent, not the owner. it would only report the management fee as income and expenses associated with collecting the rent and paying the expenses
