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Get the Idea

The first thing you need is the idea - your criteria for  apartment. Here are something to concider in your search for rental:

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Size , Space, Location:

Space is a very expensive commodity in the real estate market.

That's why Sky Realty advice - take time to dicide

where how large your future rental will be and

be realistic about your needs.

Ask yourself these questions:

  • How many people you will be living with?
  • Are you able to share a bathroom or bedroom?
  • What is your financial potensials?
  • How about your commute preferences?
  • Relatives, friends living nearby?
  • and so on...

 

 

Rental Requirements

The verification of income usualy  provided in 4 different forms.

  • A letter from your employer, with company letterhead,  must include - position, salary, start date of employment, and length of employment. Offer letters aren't usually accepted but any additional  info is welcomed at this point.

  • Copies of recent pay stubs are also needed as proof of income.

  • Tax returns and W-2 forms from the past 2-3 years

  • Recent bank statements (3 statements or a letter from your bank) must be provided as part of the process.The banking information must show the duration, history, status, and balance of your accounts.

*Please note that some landlord required it, some don't - better to be prepared.

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Apartment Types

  • Studio — One-room dwelling in which the living room and the bedroom are in a single space. In larger studios, the kitchen is in a separate room, in smaller same room. Studios are also referred to as efficiencies.
  • Alcove Studio — This is a one-room apartment,offers an open area adjacent to the main space which is usually used for sleeping. Sometimes referred to as an L-shaped studio because of its configuration or as a junior—one bedroom. More...

Rental Timeline

Time is essential on the any apartment rental, and Sky Realty’s Renters Representation will help you conduct your search during a period that is most “favorable†to you. During the winter, most people are content to stay put, while the summer time is historically the busiest renting season, as students and recent grads target upon the city creating demand, and with it, prices. Therefore, Sky Realty recommends that if you can put off your rental search, the best time to look is in the late fall and winter months, when apartments are less costly.Seasonal fluctuations also depend on apartment size, neighborhood and how the economy is doing.

To find the best deal, Sky Realty recommends and wil help you in following the market closely by Internet and MLS research. We are scanning an apartment listings on a daily basis.

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Negotiating the Lease

When fall and winter soften the market, we have an opportunity in the Chicago  rental market to negotiate more favorable lease terms. Sky Realty Representation can offer you expert  guidance as to whether negotiation is possible and how to go about it. However, even in a soft market, a landlord might walk away from a deal if it does not make financial sense. Once you have come to an agreement on terms, the lease will need to be signed by all parties, including the landlord, renter, and if applicable, guarantors.
Documents need to be signed before you can move ahead, so if you have a guarantor from outside the area, you need to be prepared to get documents quickly. Once the lease is signed, the apartment has become officially yours.



 

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Rental Building Types

There are three basic kinds of buildings in downtown Chicago: Doorman, Elevator (attended and unattended) and Walk–Up (unattended):

  • Doorman Building — Offers the greatest amount of safety and security. They also afford the highest level of comfort and convenience because your doorman can do a lot for you while you’re not home, including such things as taking drop offs of packages and dry cleaning. Within buildings that have doormen, there are kinds of formats: luxury high–rise, standard, and part–time doorman. More...
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Tips for Renters

We advice that when you on showing come prepared with all the information necessary to submit an application. Since Chicago apartments going fast, you will  be able to submit your application right on the spot and can be sure that nobody will steal the place out from under you. The landlord will see that you are someone who is responsible. Sky Realty recommends that you bring the following things with you when you go to your apartment viewings:

  • Application Information — This includes the name and contact information of your employer,your bank,and your previous landlords. Have your guarantor information as well if you planning to use one.
  • Employer Verification Letter — This letter must be written on company letterhead and be signed by your supervisor. It have to mention your position, starting date, salary, bonuses and so on. It should also indicate whether  you are entitled to a housing allowance and if so, how much the amount.
  • Tax Returns — In some cases, they may ask to provide tax returns, so it is important to bring the last two years of returns with you.
  • Photo Identification — It will be necessary to show a driver’s license, state ID, passport, or some other form of government issued photo ID.
  • Bank Statements — You have to come prepared with at least the last two months of statements.
  • Monies — It is nessesary to bring enough money to cover the application fee(s),  the deposit (one month’s rent) in order to secure the rental.
  • Camera — Bringing a camera along is a good idea, especially when you are seeing a number of apartments in rapid succession and could use shots of the interiors and exteriors to jog your memory.
  • Tape Measure — Get a tape measure along  to make sure that  furniture will fit into an apartment. Make  sureyou know the measurements of this furniture.
  • Flashlight - usually our professional coming equipped with a flashlight to make sure the are no places that you cannot view due a light condition, but better be safe than sorry. Our agents are human beings.
  • Renters List - We will provide for your convinience blank list of position that you could check you notes and consideration. Therefore you will not have a problem to fill out the adendum, when time's come to sign the Lease.
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Architectural styles and structures

  • High–Rise — Location - mostly downtown area, structures that stands 20 stories or higher and was generally built in the latter half of the 20th century. Standardly shaped apartments(cookie cutters), vary in the level of services and amenities that they offer.
  • Low–Rise — Any structure that is less than 20 stories high, but typically rises 4 – 12 stories. Can be easily found along the These buildings may also have standard-shaped units, and are generally elevator or walk–up buildings. Most, however, do have laundry facilities in the building and feature security cameras and intercom systems.
  • Mansion, Townhouse or Brownstone — These buildings date back to the late 1800s or early 1900s. They were built as single family homes,some of these still exist, but many of other units have since been converted into multiple apartment buildings. They are known for their exquisite interior design, including plank hardwood floors, high ceilings with exposed beams, crown moldings , decorative or working fireplaces. More...
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                                Chicago IL 60618        773-348-0007                       847-561-4285               svetlana_kordonsky@yahoo.com
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