What it means for landlords and tenants
By Pavlos Loizou, CEO of Ask Wire
Interviewer: Andreas, whose house is this?
Andreas: Mine.
Interviewer: Who lives in it?
Maria: I do. I pay rent.
Interviewer: And who pays to keep it nice?
Andreas: Nobody.
This exchange between Andreas, the landlord, and Maria, his tenant, illustrates the broken incentives shaping today’s rental markets. Andreas knows his apartment will rent regardless of its
