Property Management

We, at Real Estate Dreams, Inc., offer property management throughout all of Wayne, Oakland, and Macomb counties.

Here’s what we provide:

• We are a fully licensed real estate brokerage in Michigan
• We handle sales of residential, commercial and industrial structures
• We handle/negotiate new leases and sales contracts for our clients with their best interest in mind

Our property management team provides the following services:

• Leasing - includes full marketing/advertising via the MLS, internet and paper publications
• Screen all applicants
• Collect security deposits and first month’s rent upon signing of new lease
• Give tenants lead-based paint disclosures and other disclosures with strict adherence to what the state of Michigan requires for tenants
• Provide 24-hour emergency service contact number for tenants
• Conduct service calls
• Conduct repair calls
• Obtain repair bids for jobs over $500
• Maintenance on the property from vacancy until occupied including lawn care, snow removal, and proper winterizing
• Conduct eviction process
• Monthly or semi-annual reports given to clients
• Optional service - prepare profit and loss statements

Each property we manage has its own bank account to ensure no co-mingling of money with other properties. Rent proceeds remaining in account is forwarded to client on a monthly or bi-monthly basis.

Our clients for property management include: Fannie Mae, Ocwen Loan Servicing LLC, Old Republic Asset Management, and Fifth Third Bank, to name a few. We have handled hundreds of properties for private clients as well as corporate.

We are fully insured. We can carry additional insurance, if the client requests for it.

Our fee is $150.00 per month, usually reduced from the monthly rent received.

If interested, please contact Mervet Barakat, Broker/CEO.

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