Rental market analysis helps a rental property investor in determining its viability in terms of profitability. The process involves studying the real estate market, trends of a locality, local tax rolls, running costs of property, vacancy rate, occupancy rate, etc. Investors compare the average rent of properties to their average costs to see whether the property will generate a positive flow.

A rental agreement is a legal document that binds a tenant and property owner to certain rights and responsibilities pertaining to rental property. It consists of crucial details relevant to the duration of the tenancy, rent to be paid every month, security deposit, renewal of lease, the expiration of the lease and other rental details.

There are a number of cost-effective ways to revamp a rental place and add a personal touch to it. The  rental space can be spruced up to reflect a tenant’s personal style. This increases the personal value of the property for the tenant. However, it is important to keep in mind that the changes should be limited to the guidelines stated in the lease agreement.

If you are interested in purchasing a home with an intention to rent it out, there are certain important features and considerations to look for in the property. It is advisable to hire a professional real estate agent to help you find a property with the right features for maximum returns.

The key to decorate a rental townhome is to strike an ideal balance between aesthetics and finances. Considering the fact that it is a rental property, you should stick to your rental agreement for deciding the extent of changes that can be made. Your furnishing choices will also depend on a number of factors such as your requirements, personal style, budget, duration of tenancy and so on.