AIMCO Properties Reviews

Pros

I was fortunate to have a manager who did not micro management, and as long as I got my work done, didn't bother me much.

Cons

The company has downsized significantly in recent years and have gotten rid of the competent workers over the brown nosers. No room for advancement.

Advice to Senior Management

Need more procedure documentation and restructure the org chart to allow for advancement.

Pros

Autonomy at a senior level position. Had a terrific supervisor. Very reasonable pay and benefits

Cons

Corporate politics and positioning. Incompetence of top management, more show than substance.

Advice to Senior Management

Some remote office properties are managed by persons who are not reliable and who take advantage of the lack of supervision for middle to senior management. Excessive time off playing golf or going to events. Be careful with pay-offs from vendors to management. Consider previous employees when looking to staff up.

Pros

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Cons

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Pros

Friendly work environment, competitive compensation

Cons

No communication of company long term goals. A lot of turnover.

Advice to Senior Management

Improve communication of corporate growth plans and goals to middle management and staff

Pros

Implementing more streamlined training that matches the rest of the company is a plus.

Cons

Culture changes are implemented by management but the senior leaders lack consistency and follow through. The revolving changes, non-communication, lack of interaction with non-leaders to gain feedback, etc has shifted the culture of the office from fun to stress-filled terror.

Advice to Senior Management

Leadership should reach out and poll/survey all employees within the call center for their feedback on major changes before implementing them.

Pros

Comparable salaries and benefits. Excellent training program.

Cons

Poor communication from upper management in regards to job security and the future in general. There have been major layoffs since January, and they are increasing in number. Employees do not feel safe, and job security is non-existent when you see seasoned employees from upper management to leasing/service being let go. Employee hours were reduced to 35 hrs a week last year, and more employees are being forced to either go part time or resign. Properties are being run on skeleton crews. Residents are being forced to go on line for more of their needs, helping to eliminate the need for proper staffing. Employees are uncertain as to the direction the company is heading. Even long term employees are concerned that the current number of lay offs are worse than those seen in the past when the market was not nearly as strong as it is right now. Leaders manage their staffs by intimidation, creating a negative atmosphere. Current Aimco employees need to keep their resumes updated. Meeting/exceeding the budget is not enough to guarantee job security.

Advice to Senior Management

Management needs to show loyalty to employees and residents. Now that the market is stronger, you still need to remember who makes the business run effectively.

Pros

Support from leadership for continued growth and development.

Solid mission, vision and values statements; solid rebranding effort.

Cons

No work/life balance due to travel expectations and the requirement to be available 24/7.

Poor process surrounding expense reimbursements. Average reimbursement takes 3-4 weeks from date of submittal.

Roll-out of variable staffing model was/continues to be one of the most challenging decisions made for property team members . The importance of engagement and its relationship with productivity is being ignored due to this practice.

Decisions are made in a vaccum. Anything is possible in a vaccum. Ops Leadership shows that the only ability to increase shareholder wealth is through 1) cutting headcount, 2) cutting hours, 3) cutting incentives. This is not sustainable long term. I'm not obtuse to shareholder wealth; however, there are ethical and positive ways to increase revenue. That is what should be possible and what was demanded under former HR Leadership, today it is a punch line.

Continued downsizing at property, corporate and area levels creates an environment of stagnation. Those that remain are purely trying to save their position from the next round - fear does not equate to productivity but rather an inability to make decisions for fear of consequences.

Raising Rate without capital improvements.

Advice to Senior Management

Sell in non-core markets as quickly as possible to be able to re-focus efforts in core markets. Team members understand that if they are not core, they are meaningless to the company; the people practices implemented support this perception.

Pay attention to engagement.

Groom more female corporate leaders.

Asset Management leadership is out of touch.

Pros

Descent pay, good coworkers, and good relations with management. Laid back work environment.

Cons

The apartment complex is getting older and leasing apartments is tough. Leasing has to deal with a lot of concerns and maintenance issues. You have to work weekends and late hours.

Pros

The day flies by because you are so enormously busy.

Cons

Leadership does very well financially, but they justify miniscule pay increases and eliminating 401k matches. The system is designed to support upper management while over working the thin staff they created in the Regional offices and communities.

Advice to Senior Management

Fairly compensate your employees and put money into actually maintaining your buildings. You actually seem to believe your newly developed mission statement, but cutting employee hours and gearing everything to your own profit advantage borders on unethical.

Pros

Great learning experience on how corporate america works.

Cons

Lack of company loyalty to its lower level employees. Scripted company.

Advice to Senior Management

Remove scripts from sales process.