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The Residential Rental market is a segment of the Residential Property market that involves the renting of residential properties, such as single-family homes, apartments, and condominiums. It is a large and diverse market, with a wide range of rental properties available to tenants. The rental market is typically divided into two categories: long-term and short-term rentals. Long-term rentals are typically for a period of one year or more, while short-term rentals are for a period of less than one year.
The rental market is highly competitive, with landlords competing for tenants and tenants competing for the best rental properties. Landlords typically set rental rates based on the local market, while tenants look for properties that meet their needs and budget. Landlords also typically require tenants to sign a lease agreement, which outlines the terms and conditions of the rental.
The rental market is an important part of the residential property market, providing housing for tenants and generating income for landlords. It is also an important source of employment for property managers, real estate agents, and other professionals.
Some companies in the Residential Rental market include Zillow, Apartment List, Rent.com, and Airbnb. Show Less Read more