The Kelemen Company is a leading real estate investment and property management company based out of Southern California. Utilizing our extensive knowledge of Orange County commercial real estate and local market trends, we offer an approach that creates value and minimizes risk. Our goal is simple: optimize returns while maintaining the level of care each investment, property, and client deserves.
All tagged property tax
Net Operating Income (NOI) is the Holy Grail of real estate metrics. It establishes value and determines borrowing power, among other things. Protecting and enhancing NOI is what the game of property ownership is all about. Depending on the type of lease and product category, property owners are able to pass along some or all of the cost for property taxes during a lease. This ability is going to become even more important if this proposition passes.
For over 40 years all California property owners have enjoyed the protection of Proposition 13, the landmark law that limits annual property tax increases. However, state and local government officials, along with advocacy groups promoting more government programs, have not shared that fondness for the law. In fact, there have been numerous attempts to repeal or modify Proposition 13 over the years, and the most significant of those efforts will be on the general election ballot in November of 2020.
