AIMCO

www.aimco-global.com
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AIMCO Reviews

Updated February 25, 2015
Updated February 25, 2015
13 Reviews
2.8
13 Reviews
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Employee Reviews

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  1.  

    Director of Information

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Tampa, FL
    Current Employee - Director in Tampa, FL

    I have been working at AIMCO full-time (more than 5 years)

    Pros

    Ability to work unsupervised at own pace.

    Cons

    Too many changes within upper management.

    Advice to ManagementAdvice

    focus on your excellent employees.

    Recommends
    Neutral Outlook
  2.  

    Empty corporate slogans, tenants sacrificed to stockholders

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

    I worked at AIMCO

    Pros

    Generall compensation was decent, good benefits and free onsite apartment equal up to very good overall compensation package. There are bonus packages available as well.

    Almost all on site staff at most sites seemed genuinely committed to customer service, but were all constantly upset and frustrated at the complete lack of company support required to do so. Turnover was extremely high.

    Cons

    Management has complete and utter disregard for employee suggestions on how to improve sites and service. AIMCO continues to roll out slogans and "cultural" movements that are supposed to express their dedication to providing excellent customer service and quality, but in reality are void of substance because the company refuses to do anything required to actually fulfill these empty commitments to quality customer service. Long term residents are forced to live with outdated appliances that constantly break and twenty year old rugs, while new tenants next door, paying the same rent, have an entirely updated apartment with new floors, counters, and appliances. Management insists on cheapest possible materials, then assess ridiculous moveout charges on tenants when inferior blinds break or awful paint becomes stained Buildings are not given proper budgets for the most basic maintenance concerns, but managers are held accountable when problems arise due to this negligence. AIMCO expects its employees to constantly provide better service while receiving less hours and smaller budgets to accomplish their tasks. Reductions in the on site work staff and strict adherence to 35 hour work weeks, are coupled with increasing demands for higher service, providing an impossible task for employees who actually do care about providing excellent service for their residents. Management constantly adds new work duties, often mindless repetitions of existing paperwork, while allowing no extra time to complete them, resulting in a constant feeling of always trying to catch up, and forcing managers into the uncomfortable decision of what other essential services will need to be limited in order to accommodate the new requirements.

    Management turnover rate is quite high, with constantly shifting job descriptions that shuffle extra responsibilities on those further down the corporate ladder. Management constantly flies people around the country, spending thousands of dollars each trip, for mindless repeat inspections of capital projects or constant badgering for ways for managers to cut costs, all while managers are routinely denied requests for even a few hundred dollars for necessary site repairs.

    Employee morale is very low due to management's budgetary stinginess and hollow promises. Employees are constantly in fear of being removed from their jobs with no notice, partly because management routinely posts job openings online and repeatedly reminds employees there are many people able to perform their job. AIMCO has lots of well designed and informative training programs in place, but the limitations on time and support from management render them uesless.

    Many longterm residents are very unhappy since AIMCO bought their properties. Necessary appliances like air conditioners in August are treated as non-emergencies, while frustrated site managers dealing with these complaints are forced to sit in their offices every week and watch videos of upper management brag about how well the company is doing in the bottom line. Important decisions seem to be focused on short term goals primarily for the purpose of driving up the stock price, rather than maintaining assets and retaining residents. It is noticeable that right before the end of every fiscal quarter, there is a complete belt tightening in which all nonvital expense requests are denied, probably to boost that quarter's stock earnings report.

    Advice to ManagementAdvice

    Be honest with managers and stop pretending you allow them to run their sites as they see fit. Corporate regulations are strangling the strength that comes when individuals are allowed to use their strengths and ideas to come up with unique solutions to their property's problems. AIMCO seems to have a gameplan based on growth achieved through extreme cost cutting, which combined with their REIT status gives them a huge edge against competitors on paper. However, in several years when most good managers have left and it is hard to find good employees and residents who will remain loyal to AIMCO, it will become apparent that these short term gains in profitability are achieved at the expense of long term prosperity and stability. If AIMCO ever loses its REIT status(which most of its major competitors have), it will be unable to maintain its current growth model. I do not recommend working AIMCO unless it is as a starting off point for another job.

    Doesn't Recommend
    Negative Outlook
  3.  

    felt like family

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

    I worked at AIMCO full-time (more than 5 years)

    Pros

    Company offered career advancement, training, and great benefits. One of the companies core values was collaboration, so there was always support and motivation from peers and management.

    Cons

    meeting expectations often left little work/life balance

    Recommends
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  5.  

    Work Life Balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Boston, MA
    Current Employee - Manager in Boston, MA

    I have been working at AIMCO full-time

    Pros

    Promotional Opportunity if you are willing to relocate

    Cons

    Thin tiers on management

    Recommends
    Positive Outlook
  6.  

    Worst workplace ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Engineer in Portland, OR
    Former Employee - Engineer in Portland, OR

    I worked at AIMCO full-time (less than a year)

    Pros

    There are none. The overall compensation was surprisingly reasonable.

    Cons

    Office politics central, all everyone does is have meetings and then more meetings about those meetings, terrible management, revolving door, poor training, extremely low-morale, poorly organized, crappy part of town, too big for its own good, managers seem to have no idea what they're doing and EXTREME micromanagement.

    Advice to ManagementAdvice

    I don't know how this company has survived over 40 years.

    Doesn't Recommend
    Negative Outlook
  7. 1 person found this helpful  

    Director of CS

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

    I worked at AIMCO full-time (more than 3 years)

    Pros

    Fast pace and challenging environment
    opportunity for advancement
    networking abilities
    Opportunity to work with a broad range of professionals

    Cons

    Management shows a treat to inclined individuals that may pose higher levels of education
    Management fails to support members of its teams
    Lack of taking initiative to proactively maintain its assets

    Advice to ManagementAdvice

    Take a good look at your organization 10yrs ago, and compare it to today's position; the difference of the organization's failure to maintain the company vision set-forth by executive management is evident. Poor employee integrity and low morale is also a clear indication that management is not leading in a productive manner that can help the future operations of the organization nationwide.

    Pay attention the individuals that truly do care about the company, not the individuals taking from it.

    Doesn't Recommend
    Negative Outlook
  8. 1 person found this helpful  

    Back stabbers

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

    I have been working at AIMCO

    Pros

    Good pay, onsite staff fun to work with, great health ins.

    Cons

    Worked for the company for 14 years, I sat on 6 sites that sold, on my last site they told me they would transfer me once a site opened.A week after the sale a spot opened and I asked about it .All of a sudden no one would return calls or emails. Found out that anyone that worked under the vp of Florida was put on a black list . Why did they punish the employees because they let the vp go? Aimco had the best of the best when it came to employees in the Florida area but decided they would get rid of the best in order to bring in cheaper employees.

    Advice to ManagementAdvice

    Should have kept the good employees.

  9. 2 people found this helpful  

    A dead end with a lot of turn over

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Services in Denver, CO
    Current Employee - Customer Services in Denver, CO

    I have been working at AIMCO full-time (more than a year)

    Pros

    They have free pop corn.

    Cons

    Turn over is very high because the salary is low and the commission metrics are impossible.

    Advice to ManagementAdvice

    Be accountable; be honest that this is a dead end job.

    Doesn't Recommend
    Negative Outlook
  10. 1 person found this helpful  

    I was the 5th person to resign in my position on 2014 , I lasted 2 months and 20 days

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director of Construction in New York, NY
    Current Employee - Director of Construction in New York, NY

    I have been working at AIMCO full-time (less than a year)

    Pros

    None , run. Unethical environment, vendors refuses to do business with them

    Cons

    Ethics of Management are highly questionable and can damage your career . Salary is bellow the market and don't count with the promised bonus is not real.

    Advice to ManagementAdvice

    You need to work on your ethics and procedures.

    Doesn't Recommend
    Negative Outlook
  11. 1 person found this helpful  

    moments that matter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Leasing Consultant in Atlanta, GA
    Former Employee - Leasing Consultant in Atlanta, GA

    I worked at AIMCO full-time

    Pros

    Commissions, flexibility, fun office environment, good training.

    Cons

    No room for growth. Corporate management

    Recommends

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