You can make the exact symmetrical argument if tenants are not allowed to pick landlords (which is what happen in practice). Well, except about rent increase that happens anyways.
What market are you in where tenents can't pick landlords? With mom and pop landlords, it can be a crapshoot. But I have rented from coorporate landlords twice. Each time, I was able to research them, and I avoided several with bad reputations. I've never had problems with the landlords I did rent from.