SoftwareAdvice.com and their Rental Property Software partners recently evaluated the 50 most populous cities in the United States to rank them according to "tenant friendliness."
They used the following criteria and awarded each city a point based on the desirable result from a tenant perspective.
- Cost per square foot for a 2 bedroom apartment
- Change in rent price from 2009 to 2010
- Residential vacancy rate
- Rental cost as a percentage of median income
- Tenant councils
- Tenant-friendly foreclosure laws
- Rent control laws
Let's Talk. What do you think of the criteria above? What additional criteria would you suggest? What does this mean for landlords? Is a tenant-friendly city predisposed to be unfriendly to landlords?