Tuesday, December 04, 2012

[vlijnpyh] Learning apartment inspection

Apartment rental is an imperfect information game, with the landlord possessing more information.  In order to signal honesty about the description of the apartment, especially its faults, enlist a trusted third-party inspection service.

Such an inspection service, just starting out, can bootstrap a list of things to check for by asking current tenants.  Was its inspection able at least to catch the things current tenants had discovered over time?  (Note that current tenants are not trusted as an authoritative source of information; it must be verified by the inspector.)

Similar to used cars.

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