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PMv2 Is Coming in January! Get Ready for the Big Upgrade
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Hey [first name]!
We’re officially kicking off the rollout of PMv2, our major upgrade to the Property Management (PM) system inside OwnerRez.
Since you’re currently using PM, this update directly affects you, and we want to make sure you have the information, resources, and time you need to transition smoothly.
What’s New in PMv2
PMv2 was built on a new statement and remittance foundation that fixes long-standing limitations of the old PM system and unlocks more powerful tools, including:
Accurate expense tracking for Commission, Taxes, and Damage Protection
Simply put, “everything is an expense” now. OwnerRez now tracks commissions, taxes, damage protection, and other expenses as real expense records against the owner, giving you clean Profit & Loss reporting and consistent historical data.
Income statement (or “P&L”) for year-end owner reporting
Speaking of reporting, at long last, PMv2 introduces year-end reporting, which many users have requested. This new year-end reporting shows a summary of owner income and expenses, pivoted and grouped however you want (eg, by month, year, owner, or property). See pics below.
Monthly Income Statement:
Property Income Statement:
Owner Income Statement:
Fully customizable Statement Views
The new Custom Formula Builder lets you create your own payout logic with Excel-style formulas. No more rigid or confusing “Net for Commission” columns; you control how your statements work.
Better fee & expense controls
Transaction fees and channel fees can now be configured independently from each other, helping you customize those expenses exactly the way you need to.
Cleaner Proration & Historical Corrections
PMv2 includes corrected rounding rules, more accurate partial-payment handling, and automatic adjustments for older bookings to ensure your payouts stay consistent.
Clear, intuitive remittance totals
PMv2 significantly clarifies the remittance totals between the booking and statement. In the legacy system, the booking > PM tab displayed a clutter of numbers that required a math professor to decipher! PMv2 overhauls this with an easy-to-follow remittance table, showing how the income and expenses are split between the owner and PM. And owner statements follow suit - the top booking remittance area of statements aligns exactly with what each booking shows individually.
A future-proof PM foundation with quicker updates
PMv2 sets the stage for upcoming enhancements that weren’t possible under the legacy system. With this foundation in place, we have many highly requested PM updates already being worked on that are now possible to release.
Important Dates
Here’s what the rollout looks like and how it affects you:
🗓️ Mid-to-late December: Some users will see the Upgrade option early
These are certain users with simpler configurations who can transition quickly. Those users will see the “Upgrade” option appear in their accounts, and if you are one of these users, you will receive another email from us when this happens.
🗓️ January 1: Upgrade available by request
While still officially in beta, users are welcome to request to join the beta starting January 1. Send us an email, and we’ll enable it for you.
🗓️ January 5: Webinar
To walk you through everything, we’re hosting a webinar to discuss the upgrade, provide a live demo, and answer questions. See details at the bottom.
🗓️ January 14: General Availability (upgrade open to all)
All users will see the “Upgrade” option appear in their accounts. The upgrade is not automatic yet, but it will be available to everyone. No need for a request.
🗓️ Later in Q1 2026: Forced upgrade of all remaining accounts
All remaining legacy users will be automatically moved to PMv2 towards the end of Q1 2026. We strongly recommend upgrading on your own timeline before the forced migration, so you can control the process and review your statement views before sending anything to owners.
Join us live to learn more!
We’re hosting a webinar that walks through PMv2, our completely redesigned PM module that delivers more accuracy, automation, and control than ever before.
PMv2: What’s New, What’s Improved & What’s Coming Next
Date: January 5, 2026
Time: 10:00 AM PST/1:00 PM EST
Register Here
If you have any questions before the webinar, feel free to reach out; we’re happy to help. To review Support Center content for PMv2, click here.
Thanks for being part of the OwnerRez community!
-The OwnerRez Team