Whether you are looking to buy a home, rental property, or commercial buildings, we can assist you in finding your perfect 'urban space'.  

Urban Spaces manages all types of residential and some commercial properties.  This includes:

• Single-family homes

• Condominiums

• Multiple units (2-32 Units)

• Commercial  stores/office space

Highlights of our Full-Management Services are detailed below:

Market Analysis

A Market Analysis will provide important data on comparable rentals homes in your area.  The analysis will consist of current rental homes, past home rentals, and expired rental listings.  We use this data, characteristics about your property, and other factors to determine an appropriate rental rate for your property.

Property Staging

It is important that potential renters see your property in best condition possible.  With that said, every detail, from safety, functionality, cosmetics, repairs, and condition improvements will be addressed to insure that your property is rented, in less time.  After all, the goal is to get the property occupied promptly.

Applicant Screening

An applicant’s qualifications are dependent upon their Credit, Wok, and Rental history.  Credit reports are used to assess payment history, financial responsibility, and collections accounts, liens and judgments.

We will contact current or past landlords to verify rental payments.  Our rental history form covers the following: where there any NSF checks, late payments, how many late payments, whether tenant gave or has given proper notice, did the tenants keep the properly clean, etc.

Lease Agreement

Our lease agreements are designed to be ethnical within accordance with Illinois Landlord & Tenant laws, and enforceable in a court.  Upon application approval, we will meet with the tenant to review in great detail all provisions of the lease, explain procedures and answer questions.  This way the tenant has a full understanding of what is required of them as long as they are under the lease agreement.

Here are some of the aspects of our Lease Agreement covers: where to send rent, the amount of monthly rent, amount of security deposit to be held (if any), who is hold it, automatic lease renewal, early termination penalties, pet addendum, work order request procedure and other important information.

Move-In, Move-Out Inspections

We perform a thorough move-in inspection at the time or prior to occupancy.  This protects you the home owner from any future claims of damage that may arise in the future.  The condition of the property at the time of move-in will be documented and signed by all parties (owner-tenant-Urban Spaces).  At the end of the lease, a move-out inspection will also be performed.  Any damage that is not documented or is beyond normal wear and tear will be deducted from the tenant’s initial deposit.

Security Deposits

We collect a security deposit that is the same as first month’s rent.  In some case the tenant will have to put down more toward the security deposit, but at no time will we accept anything below the minimal monthly rent (unless you instruct us differently).  Pet deposit/or Move-in fees are non refundable and are given to home owner immediately.

Rent Collection

Rent is due on the 1^st and late on the 5^th.  Late fees are 10%.  There is no grace period.  After initial, repeated, and /or unsuccessful attempts to collect, the Warrant process will be put in place no later than the 10^th of the month.  We will make every legal attempt to collect rent in a timely manner and will follow the proper and necessary procedures to ensure that our owner’s properties are occupied.

           Repair and Maintenance

We respond to tenants repair problems using experienced, reasonably priced independent contractors.  In an emergency, we must act quickly.  A 24 hr emergency number is given to each tenant so that repairs and problems can be handled quickly and efficiently.  As stated in the lease, Tenants are required to get renter insurance.  All our independent contractors are licensed and insured.

Service packages are based on the needs of individual owners and can be specialized for YOU!

We will quickly rent all of your vacant units. Urban Spaces has a large database of responsible tenants ready to move into your unit.   Additionally we advertise in local newspapers and on various internet sites.  We will provide you with a detailed set of management and financial reports (via email);  documenting all rents, work completed, and total monthly expenses. 

For your tenants convenience we have extended phone contact hours: 

• 8am-10pm each day, 7 days a week. 

Our real estate consultants will work with you to find your rental 'urban space' regardless of where in Chicago you wish to live. (Chicago Neighborhoods) Most tenant placement services are free!