$re = '/<property[^>]*name="(username|password)".*?</property>/';
$str = '<property name="password">QWERTY</property><property name="username">Hello</property><property name="passive">1</property><property name="password">Test Password</property><property name="scheme">smb</property><property name="timeout">10000</property><property name="username">RANDOM USER</property><property name="username">Sid</property>';
$subst = "";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php