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Rental property appraisal involves a comprehensive evaluation of a property's value based on various factors such as location, market trends, property condition, and rental income potential. It is an essential process for property owners and investors to understand the true worth of their investment and make informed decisions regarding buying, selling, or leasing. By assessing both the tangible and intangible aspects of a property, an appraisal provides a realistic market value, aiding in financial planning and strategy.
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