Renovation Tips: Best Colors and Combos for a Rental Property

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When thinking about renovating a rental property, it is important to establish a color scheme or palette to use as a guide when making your design selections. This will allow your home to look cohesive, professional, and overall extremely clean and attractive for advertising. 

Your tenants will also love it when they move in! Renters in major cities have TONS of choices these days, it can be easy for a rental property to get lost in the shuffle or overlooked during the quick browsing. 

We’ve put together some quick tips to make it easy to select your optimal color scheme:

Making Your Property Stand Out

One of the best ways to showcase the incredible work you put into a renovation is hiring a professional photographer or management company to really portray your property in its best light (both literally and figuratively). Professional marketing does a world of difference when it comes to standing out amongst the competition and grabbing a viewer’s eye when they are scrolling through properties with speed.

Start by doing some research before deciding which design direction you’d like to pursue. Check out properties on Zillow or interior design websites such as Architectural Digest. What are YOU attracted to? What types of spaces catch YOUR eye? Consult with friends or family to gain additional points of view, but as a general rule of thumb, you should always stick with what you personally think looks good. 

In order to narrow down the palettes and color scheme that excite you, think about how they may look in your home. If you have a historic home, perhaps hard-edged, modern renovations are not the way to go. 

If you have a relatively modern home with simple clean lines, adding a touch of fun with colored tiles or paintings is a great way to add a bit more character and make the new development cozier. Think about design selections that will add to the existing structure of your home and enhance what you have to work with.

Color Palette Pro-Tips

Function is just as crucial to think about, and two dimensional choices can still be functional! Color is one of the best ways to change the mood of a space. Color is also a great tool to use when trying to alter the perception of the room’s size. To make a room feel larger, stick with lighter colors. To make a large space feel more comfortable, try painting the ceiling a darker color.

The color palette you select will apply to paint, tiles, hardware such as faucets and cabinet handles, flooring, and even the exterior of the home if applicable. For renovating a space with the intention to rent, it is important to think of color choices that will be universally appealing to tenants. However, this is still an opportunity for you to be creative! So don’t be scared to have fun with your selections and incorporate your own personal style. 

For the remainder of this article, we are going to be discussing interior design and the different color schemes that will work best for your rental property.

Let’s break this down room by room.

Living room

Blacks & Grays:

When in doubt, you cannot go wrong with black, white, and gray tones, and natural wood. This scheme will withstand the test of time, look incredible with all furniture, and always be stylish.

picture of light tiles
medium light tiles

Dark tiles
Darkest tiles

If you decide to use this color scheme, feel free to be a little edgier when it comes to lighting and floor patterns! Creating a herringbone or chevron pattern is a beautiful way to create a conversation piece out of your floors.

Neutral Tones:

Another color palate for your living room that will bode well in the rental market is neutral tones with a subtle hint of warm color. These choices are fantastic if your property has plenty of natural light. 

light colored palette

Pro Tip: When sampling paint choices, it is crucial you allow the paint sample on the wall to dry as they may change in tonality once dried. 

Think about the texture of the wall itself, if there is a slight roughness try experimenting with different paint types such as mat vs glossy. The texture may effect how the paint color reacts to the natural light. 

Take a step back as well! A few great tips from interior design legend, Kelly Wearstler, is to grab a chair and sit in the room for a while, also try examining the color during different times of day before making your final decision.


Lighting is also a selection which will be very important for your living room.  Adding dimmable lighting is a great way to allow your tenants to enjoy altering the mood of their space. 

full kitchen showing lighting


Don’t be shy to add some architectural lighting! Architectural lighting is anything that is attached to your home, such as a sconce, pendant or chandelier. Lighting makes the eye travel and can completely change the perception of the room, so where do you want the attention? If you have a beautiful archway, perhaps adding sconces or a chandelier would be a great way for a viewer’s attention to be brought upward. 


Ah the kitchen, the heart of the home. This is an opportunity for you as the designer to really mesh form and function. 

If your property has an open kitchen, continue the color scheme of the living room into this space. If the kitchen is somewhat closed off, you have a great opportunity to add a little surprise with some fun colored cabinets or a decorative backslaps. 

In order to make a small kitchen appear larger, a few quick tricks are to make shelving open or transparent, using reflective surfaces, choosing slimmer cabinet and a compact fridge. Additionally, smaller spaces benefit from lighter cabinets, but choosing dark cabinets can create a cozier space. Try some of these tips when working with a small kitchen space. 

view of kitchen 1s lighting
view of kitchen 2s lighting
view of kitchen 3s lighting

When deciding what color scheme would look best in your kitchen, one tried and true trick to keep your kitchen looking up-to-date is alternating light and dark colors between your cabinets and countertops. So, if you choose darker colors for your cabinets, go with a lighter neutral color for your countertops, and vice versa. 

Finally, your kitchens backsplash is a great opportunity for you to add some personality to your kitchen space and add some color. For more information on how to effectively utilize your backsplash (i.e. what materials go together, what colors will accentuate the room, and how to avoid common mistakes) check out this article.


It’s always best to keep this space pretty minimal as the renter will likely add their own artwork, fun furniture pieces, and of course, overall really make it their own. 

A bedroom is such a sacred place for us all, so leaving the canvas a little blank in this room is absolutely fine. Staying within a neutral color scheme is recommended for bedrooms. Again, thinking of appealing to all tenants is key!

Renovation Tips: Best Colors and Combos for a Rental Property 1
Renovation Tips: Best Colors and Combos for a Rental Property 2

If the bedroom has only one logical place for a bed, a creative design element you can incorporate are hanging pendants or wall mounted sconces. Lighting is informative and you can use your placement to let your tenant know the ideal bed placement. This will also be fantastic for your tenant as you’ve now given them two lighting moods: overhead lights and bedside lights.


The bathroom is an area which should be approached similar to the kitchen. Put yourself in the tenant’s shoes when designing a bathroom for a rental property. Think of storage solutions, counter top space, draws, towel hanging solutions, and shelving within the shower itself. 

We all know how frustrating it is to have our 10 bottles of soaps and conditioners that we “NEED,” and not enough shelving to hold them all.  

One creative solution to allow for ample shelving space is to add tiered corner shelves. For bathrooms that are going to be en-suite, a great trick to optimize space is to throw in a pocket door.   

The bathroom is also an area within the house to add some bold touches! A fun wallpaper in a small half bath is a quick way to make the space a little surprise for prospective tenants and their future company. 

view of bathroom 1
view of bathroom 2

Tiling is also an easy way to incorporate vibrant colors to contrast with clean counter tops and hardware. When making your selections, make sure to view all the samples together. Questions to ask yourself are: how do the textures work together? How are the scales of my tiles working together?  When selecting more than one tile option for your bathroom, similar scales will compete against each other. If your shadow tile is going to be traditional subway style, go for larger tile on the ground.

Conclusion: Choosing a Color Scheme for a Rental Property

When making your selections for each room of your property think: cohesion, cohesion, cohesion. One of the best practices you can implement is sampling. Lay your tile sample with your paint swab with your counter sample with your floor sample. How are these samples working together? What is the conversation they are having with each other? Is this tile fighting with the bathroom counter color? Try swapping one in for another and reevaluate. This editing process will be instrumental to the success of the overall interior space of the home, and remember that more often than not, if you love it, so will someone else!

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Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

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Navigate to the "Reports" module in your portal:

Owner Portal Reports
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Enhanced Rent Roll Report:

Enhanced Rent Roll Report
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Unit Comparison Report
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Income Statement by Month Report
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The Documents area contains monthly financial statements:

Owner Portal Documents
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Download a statement to see month and YTD financials:

Owner Portal Property Statement

You'll also find a month-over-month operating statement:

Month over Month Statement

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

Commincation Dashboard Screenshot
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Click the "New Message" button and send your message:

Owner Portal New Message Screenshot

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Portal Conversation Response Screenshot
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Owner Portal Comment

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Portal Conversation Snapshot

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

Owner Ledger Dates
  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

Ledger Property Column
  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

Owner Ledger Description Column
  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

Owner Ledger Amount Column
  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

Owner Ledger Account Balance Column
  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

See a running list of all bills, and drill down for more detail:

Owner Portal Bills View

Under Bill Details, you'll find dates/descriptions/amounts and more:

Portal Bill Details

You can also communicate with your Account Manager through the portal:

Owner Portal Communication Tools

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

Net Distribution

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.