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You’re Already on PMv2. Here’s What’s Coming Next!
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Hey [first name]!
Since you’re already using PMv2 (the upgraded version of our Property Management module), you’re ahead of the curve, and we’re excited to officially kick off the full public rollout of PMv2 to all OwnerRez users.
Over the next several weeks, PMv2 will transition from private beta into full general availability. You are already using PMv2, so no changes will occur to your account.
However, we would like to invite you to attend a special webinar in early January, where we will present a live demo, discuss the changes introduced in PMv2, and answer your questions live
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
What’s New in PMv2
You’ve been using PMv2 for a while, but we wanted to remind you of the key differences from the old days. The webinar will also cover these topics.
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.
To review Support Center content for PMv2, click here.
Thanks for being part of the OwnerRez community!
-The OwnerRez Team