It depends on whether it is a long term let and the condition of the property.
I had to rent some pretty terrible places before i moved to my present home.
Your house is only yours as long as you can pay the mortgage, so unless you have nearly paid it off, i don't see it as any different as renting.
Unless there is major work that needs doing, like the garden needing paving etc, then in a way, there isn't the investment factor in the way that owing would give you, but having had negative equity twice, there isn't always an investment in property .
I am planning on renting my present house for at least two more years, so as i looked at it, i would be redecorating within that time, if i owned it, so the money that i am spending isn't 'dead' because i would be re-doing it, anyway, if i owned the house, iyswim.
I would now rather spend less on curtains etc and get a new modern look every few years, so it is as 'mine' as if i owned.
I like the fact that in a few years once my children are older and i am moving up the career ladder, i have choice about where i live.