Frequently Asked Questions About Products & Services

How do you handle broker compensation in light of the NAR settlement?
I don’t live in Michigan but I want to buy an investment property there. Can you help?
What is your experience in the real estate industry?

Owner/Broker Colleen Kennedy received her law degree from Michigan State University and was first licensed as a real estate broker more than 15 years ago. She served as Director of Commercial Management for one of the state’s largest property management companies from 2020-2023. She previously served as a Corporate Commercial Leasing Attorney for Land America Financial Group, and a Foreclosure Litigation Attorney with Trott Law PC.

Partner/ VP Operations Jeff Muir received his real estate license in 1999 and has been licensed in both Michigan and New York. He has experience in both residential and commercial real estate for investor clients and served as Director of Acquisitions and Business Development for one of Michigan’s largest property management companies from 2019-2023.

Associate Broker Allison Ireton currently serves as General Counsel for Bloom City Club and TreeTown Cannabis and has been a key figure in the emergence and growth of Michigan’s highly successful regulated medical and recreational cannabis industry. She currently serves on the Board of Directors of the Michigan Cannabis Trade Association (MICIA). Allison earned her bachelor’s degree in information systems management from Salisbury University. She then received her MBA from Quantic School of Business and Technology in Washington, D.C. and her Juris Doctor degree from Ave Maria School of Law in Ann Arbor, Michigan. Ireton is a fully-licensed real estate broker. and manages all cannabis industry-related real estate deals and transactions for Prospect Realty Group.

Sadie Chavez Huse is a licensed real estate salesperson with successful experience as both a buyer’s and seller’s agent. Sadie grew up in Redford, Michigan and really knows the in’s-and-out’s of Western Wayne and Washtenaw Counties. She studied at Schoolcraft College did her real estate training at the Michigan Institute of Real Estate. Sadie provides exceptional client service and attention to detail and is available rto provide expert representation for sellers or buyers.
Can you help me solve a difficult tenant / vendor / brokerage issue?

Most likely! With our legal and public affairs background, as well as our in-the-trenches, hands-on experience in property management and acquisition, we can help untangle difficult issues. Examples include getting Section 8 payments moved to a new owner, evictions, vendor/contractor disputes, performance and compliance audits, etc.
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Fair Housing
Mediation & Arbitration Notice

Any and all disputes, controversies, or claims arising out of or in connection with or relating to this website or services provided by Prospect Realty Group or it’s related organizations, services or employees, or any claim that either part has violated any local, state or federal statutes, common-law doctrine, or committed any tort with respect to the other party shall, on the request of either party, be submitted to and settled by arbitration in the State of Michigan pursuant to the rules, then in effect, of the American Arbitration Association (or at any other place or under any other form of arbitration mutually acceptable to the parties involved). Thai agreement to arbitrate shall be specifically enforceable under the prevailing arbitration law. Notice of demand for arbitration shall be filed, in writing, with the other party within a reasonable time after the claim, dispute or other matter in question arose where the party asserting the claim should reasonably have been aware of it, but in no event later than the applicable Michigan statue of limitations. Cost of arbitration shall be shared equally by the parties, provided that each party shall pay for and bear the cost of their own experts, evidence, and attorney fees. Judgment on any award rendered by the arbitrator may be entered in any court having jurisdiction to do so. The parties agree that prior to submitting a dispute to arbitration, they shall make a good faith effort to resolve the dispute through mediation.
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Disclaimer

The information provided on this website does not, and is not intended to, constitute legal advice; all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and Prospect Realty Group, Investors Realty Group, Rent Ready Systems, Investors Consulting LLC or any employees, owners or officers of these companies.
2026 Rates & Fees

Prospect Realty Group offers full-service real estate brokerage and property management as well as operational consulting. We also offer flat-fee, month-to-month property management support plans that range from $125 – $350 per month. Work can be quoted per-project. Unless otherwise specified in a written and signed work agreement, all other work will be billed at the rates stated below.

Colleen Kennedy, JD & Broker
Consulting & Project Management
$225 per hour

Basic Labor

$85 per hour

Skilled Labor
$120 per hour or prevailing wage

Basic Property Management Work
$100 per hour

Mileage
$.70 per mile or current IRS published rate

General Contracting
Cost +18%

Materials Purchasing
Cost +15%

Advertising Purchasing
Cost +15%

Work can also be quoted by project.