Rental report card: New site rates landlords and apartments using letter grades

Rentlogic assigns a letter grade to each building based on complaint records. The average NYC resident tends to avoid eating at a restaurant with a C rating — would they rent an apartment with a D- rating? That’s the grade my current apartment received according to a new site, Rentlogic, that uses an algorithm to calculate letter grades for apartments and landlords in the city. Now, before you sign the next lease, by going on Rentlogic you’ll be able to check a given apartment’s history of safety violations, vermin infestations, legal action and the like. Think of it as a way to run a background check to supplement your Craigslist search. The CEO, activist and entrepreneur Yale Fox, who is behind Toronto’s Landlordwatch.com, told DNAInfo that he created the site because “renters really never come first.” “It’s not a level playing field between landlords and renters,” he said. But by providing crucial information to… Read More

Rental report card: New site rates landlords and apartments using letter grades : Brokelyn