How Short Stays Are Leaking Your Profits
Tenant turnover is one of the most expensive and overlooked drains on a landlord’s profits.
Every time a tenant moves out, you face:
- 2–6 weeks of lost rent
- Cleaning and redecoration costs
- Letting agent fees (often 8–12%)
- Time spent dealing with viewings and contracts
Example:
A landlord in Manchester lets their 3-bed terrace to four separate tenants in three years. Each turnover costs about £1,800 (£1,000 in void + £400 in fees + £400 in fixes). That’s £7,200 lost — equivalent to 6 months’ rent gone.
The MEXI Alternative
With our rent-to-buy setup:
- Tenants commit for 3–5 years
- They are vetted for long-term intent, not just affordability
- They treat your property as a future home, not a stopgap
Example:
A rent-to-buy tenant signs a 4-year agreement. They know the property could be theirs — so they keep it clean, report issues early, and often improve the home themselves (e.g. repainting, landscaping the garden).
Bottom Line:
Long-term tenants = fewer voids, lower costs, and greater peace of mind.
If short stays are draining your margins, rent-to-buy might be your solution.