The default tax status for a two member LLC is a partnership. However, a partnership, unlike an LLC, does not require a formal filing with the appropriate State agency. Thus, two or more individuals could verbally agree to form a partnership and the resulting business is then a partnership.
If you and your partner intended to form a partnership when you first purchased the rental property, then you could file a Form 1065 for the entire year. The creation of the LLC was not required to form a partnership.
The decision is yours as to when you want the partnership to begin. The partnership is a pass-through entity, and therefore, whatever approach you take, you will be reporting your rental income and expenses on Schedule E. The reporting of your rental income would be different if you were Real Estate Professionals, in which case, the rental income and expenses would be reported on Schedule C Profit or Loss From Business.
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