Yes, but to play that logic out if you already have a tenant paying a low rent and you want to make a lot more, you'd need a good reason to kick them out, remod

Yes, but to play that logic out if you already have a tenant paying a low rent and you want to make a lot more, you'd need a good reason to kick them out, remodel a little and then be able to put the place back on the market for the top dollar amount you want.