When you rent your property out, the occupant also rents your chattel or personal property in the house which loses value because of the wear and tear from the tenants use. (chattelservice.com)

Although the average life span for depreciating chattel is 5 years, there is some personal property that has a longer life span. So, if you keep your rental property for 5 years, you would be able to depreciate the chattel off your taxes every year for 5 years. (Spectrum Chattel Service)

You might be surprised knowing the value of your chattel. While an individual piece of movable property may not be that valuable, it is quite easy to pack a home taking a substantial amount of belongings. (fairloanrate.com)