Denver ranks 5th among best places to be a landlord

Zillow, a real estate listings website, has compiled a list of the “10 Best Places to be a Landlord,” and Denver ranks in the middle at No. 5.

Zillow said, “The tough reality for renters around the country: Rent is through the roof. That’s good news for landlords, though. Renting out a home can be a good way to make extra money month-to-month while building equity.

“Here’s Zillow’s list of the top 10 places to won a rental property. These aren’t the hottest markets, but they are the metro areas where a small-time investor can count on making the most profit every month.

“Zillow’s analysis considered homeowners who purchased their properties in 2009, but it’s not too late to find a cash-flowing rental in these areas.”

Here’s Zillow’s rankings:

10. Memphis, Tenn.

9. Indianapolis, Indiana

8. Dallas-Fort Worth, Texas

7. Tampa, Fla.

6. Rochester, NY

5. Denver

4. Cincinnati, Ohio

3. Tulsa, Okla.

2. Miami-Fort Lauderdale, Fla.

1. Oklahoma City, Okla.

For more about Denver’s pick, visit www.realestate.msn.com/best-places-to-be-a-landlord#7.