Equity Residential Reviews

Updated August 7, 2014
Updated August 7, 2014
133 Reviews

3.2
133 Reviews
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Equity Residential President, CEO, and Trustee David J. Neithercut
David J. Neithercut
89 Ratings

Review Highlights

Pros
  • decent compensation and benefits package (in 8 reviews)

  • Good benefits and a nice corporate structure with healthy and energetic management (in 7 reviews)


Cons
  • Some of the local upper management were so far removed from reality (in 16 reviews)

  • Consistently lectured on customer service is important and training for (in 10 reviews)

More Highlights

26 Employee Reviews Back to all reviews

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  1.  

    Terrible Commission Structure, Great Autonomy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leasing Consultant  in  Santa Clara, CA
    Current Employee - Leasing Consultant in Santa Clara, CA

    I have been working at Equity Residential full-time for more than a year

    Pros

    - If lucky, you may get a property with a great manager. Most places do not, but I did
    - You learn to master CRM
    - You can hone your sales abilities with custom tours
    - YOU can build a skill set on your own, just take on the project you desire: event planning, marketing, etc
    - Corporate office is responsive
    - Flexibility with your work schedule
    - Ability to create your day-to-day schedule
    - Commission CAN be good if your property is in the right neighborhood

    Cons

    - Compared to other property management companies, the commission tier is terrible. You barely start seeing 4 figure commissions once you lease 10+ apartments a month
    - Most communities have terrible management. Managers leave early, speak down to employees
    - Training = online training that focuses more on software skills and less on sales. Minimal training in-person
    - NO opportunities to advance outside of leasing. The only way up is towards Sr. Leasing or Property Manager. Interested in accounting, marketing, or corporate affairs? Tough luck. Move to their HQ in Chicago.
    - Corp office allocates all funds to new communities. Older offices aren't even funded for basic things like business cards.
    - Culture is all dependent on community managers.
    - Corp office always trying to increase prices on residents who then complain to leasing agents.

    Advice to ManagementAdvice

    Provide more in-person training, hire more workers IN the office, and remember to focus on your existing properties and not just the new ones.

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    Exciting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leasing Consultant  in  Los Angeles, CA
    Current Employee - Leasing Consultant in Los Angeles, CA

    I have been working at Equity Residential full-time for less than a year

    Pros

    Lots of job opportunities and education.

    Cons

    If you are at a big property you will always be busy; require good time management.

    Advice to ManagementAdvice

    Hire Receptionist

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great place to gain base experience in real estate and property management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leasing Consultant  in  San Mateo, CA
    Current Employee - Leasing Consultant in San Mateo, CA

    I have been working at Equity Residential full-time for less than a year

    Pros

    Good sales based pay (Work hard make good money), Most coworkers are fun and intelligent, Occasional fun company events, I work at a very nice property, progressive company, approachable corporate staff

    Cons

    Residents who complain (can't escape this in Real Estate), No uniform (dress clothes) stipend, old software.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    A Good Company that Rewards Results

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Property Manager  in  Plantation, FL
    Former Employee - Property Manager in Plantation, FL

    I worked at Equity Residential full-time for more than 3 years

    Pros

    The upper management is very fare, and try there best to create a successful working environment. The benefit package is good, and they like to promote from within.

    Cons

    The middle management likes to micro manage, and can get in the way of progress. They didn't seem to realize that the staff on sight was very capable.

    Advice to ManagementAdvice

    Trust the staff on site running the day to day operations, they know the ins and outs because every property has is own different challenges

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Leasing Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Leasing Consultant  in  Fort Lauderdale, FL
    Current Employee - Leasing Consultant in Fort Lauderdale, FL

    I have been working at Equity Residential full-time for more than 5 years

    Pros

    Strong company with strong culture. Potential to make decent commission. Flexibility between properties. Good benefits. nationwide company allows flexibility between states.

    Cons

    Company is strictly about profits and numbers. Amount of work allocated for position is at times overwhelming. Less and less room to grow. Company seems to be downsizing.

    Recommends
    Negative Outlook
    No opinion of CEO
  7.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Equity Residential full-time for less than a year

    Pros

    Decent pay and good training

    Cons

    Less empowerment, need more staffing for each community, publicly traded so tighter budgets

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    electricalpainting plumbing heating and ventilation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Maintenance Technician  in  Los Angeles, CA
    Former Employee - Maintenance Technician in Los Angeles, CA

    I worked at Equity Residential full-time for more than 5 years

    Pros

    to gain and learn more experience about electrical

    Cons

    always on call at2 am at times 4am

    Advice to ManagementAdvice

    its hard to accomplish the regular shift 8 hours in the morning and do an extra call

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Ever changing company that allows growth from within.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Community Administrator  in  Westminster, CO
    Current Employee - Community Administrator in Westminster, CO

    I have been working at Equity Residential full-time for more than 8 years

    Pros

    Equity Residential has great benefits.

    Cons

    Equity Residential runs with a corporate backbone.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Great place to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Equity Residential as an intern

    Pros

    Management focuses a lot on teaching about the basics of property management. Employees are great and very laid back.

    Cons

    Not many cons from working here other than residents may be a handful at times. Management always has its employees backs.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great working environment and people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Equity Residential full-time for more than 3 years

    Pros

    Best people to work with who are all very talented and engaged in their roles. All are willing to go above and beyond to exceed expectations and continue to make Equity a top REIT.

    Cons

    Compensation and benefits could be better. Compared to other market leaders and fortune 500s, the pay is far behind.

    Advice to ManagementAdvice

    Keep listening to your employees.

    Recommends
    Positive Outlook
    Approves of CEO

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