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Add a bedroom to single family house
Can you add a 3rd bedroom in an already rented out 2 bedroom single family house? Do you need the permission for the tenants who already live there? Can you then increase the over all rent, but still low enough so that the current tenants wouldn’t be paying more than what they are paying now?
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Quote from @Nathan Gesner:
Quote from @Lina Vezzani-Katano:
Can you add a 3rd bedroom in an already rented out 2 bedroom single family house? Do you need the permission for the tenants who already live there? Can you then increase the over all rent, but still low enough so that the current tenants wouldn’t be paying more than what they are paying now?
Welcome to the BiggerPockets forums!
You would disturb the tenant's right to quite enjoyment by renovating the house and then you would essentially change the terms of their lease by adding another roommate to share the kitchen, bathroom, living room, parking, etc. If you are going to change the terms of a rental agreement, you need all parties to agree or you need to wait until the current lease expires.
Have a conversation with the current renters. If they're willing to accept the changes, go for it! If not, wait until their lease expires and they move out, then renovate and find new renters willing to pay the higher rate.