This a very common question from owners that are getting their properties ready for rent. There are many factors involved in marketing and renting your home. You can't control most of them. The curb appeal of your home plays a big role in the rental process, and it's one of the things you can have direct control over. You'll never get another chance to make a first impression of how your property looks from the street. If your property exterior needs new paint, potential renters might not even get out of their car to come in and take a look. Putting fresh paint on your property, both on the outside and the inside, is usually the one thing you can do that pays off the fastest. You'll get more potential renters looking, and they'll like what they see more, translating into a better chance for a quick rental at a higher price.
Try to stick with light, neutral colors. These seem to resonate best with renters. A fresh coat of light beige on interior walls will freshen up your propertry and make it more marketable.
Simply put, new paint is usually the most profitable improvement you can make when getting your property ready for rent. So unless your paint is already in like new condition, you probably should paint.
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