QuickBooks setup when you have a property manager

[Andy H.]

How do you setup QuickBooks when you use a third party property management company? I understand having each property as a separate class, but should the property manager be a vendor since you pay them management fees and repair expenses? A customer since  they pay you rent? Both a vendor and a customer (although I think you'd have to use different names since I don't think you can have a vendor and a customer with the same name)?

Also, how is the best way to record a payment from the PM (rent minus fees and any expenses)? As a deposit with different line items where rent is positive and fees and expenses are negative?