Accounting and Property Management

[Ryan H.]

Hello,

I recently closed on my first rental and am working with a property management company.  The company subtracts expenses for work (on the property) that I've already approved before disbursing rental income.  While this minimizes the number of transactions that need to take place between us, it seems like a bad idea from an accounting perspective on my side.  They provide detailed statements, but I won't be able to verify via bank statements income and expenses related to my business.  Would you agree?