as Critter posted, if it is a single member LLC, then ignore that fact. it's irrelevant for tax purposes. the property manager should send you a year end report of revenue, expenses capital expenditures and any non tax receipts and payments such as security deposits. the rental activity gets reported on schedule E.
on the other hand if this is a multi-member LLC then you need to file a partnership return which will report the activity and split it among the members. if this is the case, I strongly advise you use a professional to prepare the first year return.
