Advise...Replace old carpet with new carpet, or something else?

[Steve Hannibal]

I will be closing on my first rental property in a couple weeks.  It is a single family home.  About half of the house has carpet, in the living room, hallways and bedrooms, which is trashed and needs to be replaced. 

Would you recommend replacing the carpet with new carpet, or going with a hard surface, such as laminate or wood of  some type?