Equity Residential

www.equityapartments.com
Employer Engaged

Equity Residential Reviews

Updated February 26, 2015
Updated February 26, 2015
162 Reviews
3.4
162 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Equity Residential President, CEO, and Trustee David J. Neithercut
David J. Neithercut
111 Ratings

Review Highlights

Pros
  • Equity Residential (EQR) is an emotionally intelligent organization that understands the value of work-life balance (in 6 reviews)

  • Great training, great benefits, wonderful opportunities (in 10 reviews)


Cons
  • Upper management can be very unresponsive especially if you are working onsite (in 21 reviews)

  • Work-life balance can be very challenging in some departments or some locations (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    I enjoy coming to work everyday. How many can say that? I love this company!

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

    I have been working at Equity Residential

    Pros

    I feel valued and listened to.

    Cons

    The size of our company makes it challengin to know everyone, but I am working on it.

    Advice to ManagementAdvice

    Keep insisting on feedback, it is great to ask all what they think.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Career Opportunities

    • 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

    Pros

    Large, stable company, Ability to promote within, Located in many different cities, Great training and support teams, Amazing product

    Cons

    Pay isn't based on merit and personal value to the company, High turnover, Long hours for salaried employees

    Advice to ManagementAdvice

    Listen to the opinions of the little people out in the field doing the work, Stop trying to pay the least amount possible to fill positions

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Exciting company to work for with the best people in the business

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

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

    Pros

    As a region, we all work together as one team. I always know that I can count on my coworkers to help me when I'm in need, and they can count on me.
    There are always new and exciting opportunities. I was able to rise within the company quickly and I know there will be more opportunities in the future.
    The training is ongoing, which means that we are constantly perfecting our craft. I appreciate the ongoing dialogue with the corporate team here in Boston as well as Chicago. Everyone is striving to excel and we have the support to help us become the best.
    The biggest pro is the people. Our VP was able to name every single Property Manager and Leasing Consultant in the New England region during our last sales meeting! That speaks to how invested he and the rest of the corporate team are invested in their employees.
    Lastly, Equity's values are powerful; they are what make this company so great.

    Cons

    The pay is not as competitive as comparable property management companies. We have very good benefits, though.
    The initial training is currently being refined, but it was overwhelming when I started.

    Advice to ManagementAdvice

    Keep up the good work! Upper management takes employee feedback seriously, so there are some good changes in the near future.

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great pay, great benefits, FANTASTIC support

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

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

    Pros

    Amazing operations system, MRI that is customized and incredibly efficient. Great support for onsite teams.

    Cons

    No wiggle room to "do what's right" for our customers. Can't waive late fees for certain circumstances, etc.

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good place to work

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

    I worked at Equity Residential full-time (more than a year)

    Pros

    great training, best in business; keeps you informed

    Cons

    schedule. holiday and PTO could improve.

    Advice to ManagementAdvice

    care more about how the numbers are achieved than the number achieved.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Equity offers a career, not just a job!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Equity Residential

    Pros

    Opportunity for career growth and development

    Cons

    none that differ from any other large corporation

  8.  

    Top of The Market and Always Pushing to Be Best

    • 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

    Pros

    Forward looking company that looks for opportunities to improve for the better.

    Cons

    None that really come to mind.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great people and support... Upper management and pay.. That's a different story.

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

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

    Pros

    Equity Residential is great when it comes to learning, and sales training.... For the most part.
    Equity Residential also has great quarter sales meetings, which makes it fun, and it is a company that you have the potential to grow with if you so choose to do so. I honestly love going to work each day. Not many people can say that!
    The company also allows you to have a great work/life balance. I've made a lot of friends in this business, which is cool too.
    It's a great job if you're looking to stay mediocre. Or, if you're lucky enough to make it to the regional level.

    Cons

    Equity Residential is a company that will pay a new hire with no experience more than someone with strong work ethic and a background in sales. Does that make sense? No.
    Pay raises? Forget about it.
    Also, the commission structure should be re-adjusted. We're talking high rents, and a booming market. If you're not at a newer property with new lease-ups, you can forget about seeing a decent commission check.
    Corporate pays no attention to the small run-down properties who really need the most help, and praise high-rise newer properties. That's where the money is at, I guess you can't really blame them.
    All the money goes to the higher ups, the leasing consultants don't see any of it, and you certainly don't see the extra money go towards the properties for improvement purposes.
    It's about the shareholders. Equity imposes fees upon fees to residents... For nothing. Any way they can possibly increase their revenue, they will do it. Implementing higher application fees, administration fees, etc.
    Also, would you pay $2000 for a moldy apartment each month? I know I wouldnt.

    Advice to ManagementAdvice

    Incentives and pay. We will work smarter and harder if you pay attention to the little people and show us you care about our personal development and provide us with more income opportunity.

    Neutral Outlook
    Approves of CEO
  10.  

    Biggest REIT in the US. Great if you are entry-level in real estate

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

    I worked at Equity Residential full-time (more than a year)

    Pros

    Equity is the largest REIT in the country which is great for your resume or starting a career in Real Estate. Depending on the property you work at, you can and will learn a lot from the building, your co-workers/managers and the tenants themselves. I would recommend a Leasing Consultant job to anyone who has graduated High school and wants real estate, sales or customer service experience.

    Great Employee stock share purchase plan, 15% discount.
    Health Plan, not bad
    Rent Discount if you live in a company property - 20% (should be higher..)

    Cons

    Being the largest, it also comes with a handful of cons. Employee moral and climate vary from property to property. The worst is the schedule. Work life balance is non-existent and even though you get 7-10 holidays/PTO it often times is denied by managers when requested. Weekends are required at every property. Friday, Saturday, many Sundays too.

    Mid-level management positions have been eliminated making it nearly impossible to advance unless you possess accounting skills.

    Overtime is necessary during busy seasons but highly frowned upon by managers who are charged with balancing a property budget (ie. Overtime pay kills their budget). If you are unlucky and get a bad community or property manager you will be miserable.

    All training is baptism by fire or on the computer, so, not effective.

    Finally, it is a public company so the top 3 priorities of senior management is 1) Stockholders, 2) Stockholders, 3) Earnings report for Stockholders

    Advice to ManagementAdvice

    Train your managers professionally, not in house, hire a respected firm to train them right. Then it can trickle down to the lower level and you can promote from within.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Work for the best!

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

    I have been working at Equity Residential full-time (more than 10 years)

    Pros

    Great company culture. Lots of opportunity for career growth. Challenging and exciting place to work. People are great and collaboration is key. Well-respected leader in the multi-family industry.

    Cons

    If you don't like change, Equity is not the place for you.

    Advice to ManagementAdvice

    Keep up the great work.

    Recommends
    Positive Outlook
    Approves of CEO

Equity Residential Photos

Work at Equity Residential? Share Your Experiences

Equity Residential

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.