Reit Management and Research Reviews

Updated June 11, 2015
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2.5
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Adam D. Portnoy
15 Ratings

39 Employee Reviews

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  1. Great Company

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

    I have been working at Reit Management and Research full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good pay and benefits and very talented colleagues

    Cons

    Very strict and depressing corporate environment.


  2. Good starting point

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Reit Management and Research

    Pros

    great people in HR office

    Cons

    departments are independent of each other


  3. Payroll Administrator

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

    I have been working at Reit Management and Research

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to work in general

    Cons

    Need to consider more often the temporary employees for permanent position.


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  5. Property Manager

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

    I worked at Reit Management and Research full-time (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    The company treats its employees very well in terms of wages and benefits - 5-10% better than the property management industry standards in many cities across the country. It owns and manages its properties (some very prestigious) , so there are few of the restrictions from outside interests on how the properties are managed and business is conducted. (There are some instances of such from other equity investors.)

    Cons

    For all the size of it's holdings (over 600 properties nationwide, some 800-900 employees), its systems for tracking, reporting, planning and even routine accounting are overly complicated and cumbersome to work with, anything but user friendly. Approvals are increasingly multi-level and time consuming. Its internal audit department has in recent years assumed greater authority in dictating procedures, without much realistic appreciation for the day-to-day nature of field office work and severely hampering decision making at the local office level. Senior level executives have become less and less accessible as the company has grown over the years.

    Advice to Management

    Solicit, and heed, feedback from front line employees on problems with policies and procedures and IT systems and processes. Allow greater decision making authority on a regional and local level as long as within limits.


  6. I have been working at the company for over 6 years and it has some very rewarding qualities.

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

    I have been working at Reit Management and Research full-time (More than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Pays well. Excellent benefits. They want their employees to enjoy coming to work. Hard work typically rewarded well.

    Cons

    Special perks and benefits only given to select people. Inconsistent policies and procedures.

    Advice to Management

    Do not make special arrangements for certain employees that cannot be made available to all employees.


  7. Helpful (1)

    Constant crisis management with no real direction, authoritarian regional senior management.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tenant Coordinator (Nothing to Do With Actual Responsibilities)
    Current Employee - Tenant Coordinator (Nothing to Do With Actual Responsibilities)

    I have been working at Reit Management and Research (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good pay scale.
    Really great health benefits.
    Great local coworkers.

    Cons

    -This ship is lost at sea, and recent reorganization has made it even worse. Focus and direction shift drastically and constantly, causing a culture of organizational wide chaos.
    -They waste talent like nothing I have ever seen.
    -There are so many micromanaging spreadsheets, reports and meetings that far more time is spent reporting on the work than actually doing it. Filling out numerous reports, all covering the same information, in the same week, or even day, is the absolute norm. Mostly due to reactionary culture with no real sensible organization.
    -There is no team outside of the local office. Everyone else is ready to fault find and finger point because they are in a constant state of panic.
    -Crisis management is an expected part of the job, but in this case every "crisis" is self inflicted and company created.
    -Management will acknowledge that what they are asking is impossible, but you are expected to make it happen anyway.
    -The only people who are held up as examples of success work every weekend without exception, and late into most nights. All of the senior management (Area Directors and above) that I have interacted with work 7 days a week.

    Advice to Management

    -Survey the field on specific procedures. Find better ways of tracking that do not overburden everyone in the workflow. There are a lot of great ideas out there that no one is hearing because the people practicing the procedures are never taken into account.
    -Streamline compliance procedures. Better communication between departments in corporate would most likely help lessen the insane amount of redundant and overlapping reporting.


  8. You don't want to work here

    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee in San Diego, CA
    Former Employee - Anonymous Employee in San Diego, CA

    I worked at Reit Management and Research full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The pay and benefits were decent.

    Cons

    Bogged down in policy and procedures. Difficult if not impossible to get promoted unless you are related to management, or were the friend of someone in management. Males were favored for promotion even if less qualified. No community spirit or employee team building. Upper management always in CYA mode, and would throw lower level employees under the bus for mistakes, but take credit for all their hard work. Too much paper.

    Advice to Management

    Stop micro managing. Make team building and community involvement and company-wide requirement. Have employees review upper management and then actually listen to what they say. Also look at exit interviews and take heed of what exiting employees say about their bosses and working environment. Use less paper.


  9. Helpful (3)

    If you don't like stuffy corporate environment then this is not the company for you.

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

    I have been working at Reit Management and Research full-time (More than 3 years)

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    Compensation, Bonus, Benefits, Co-workers, Training

    Cons

    It's as if your working on a roller coaster. The shift priorities regularly and what you may have been focusing on for the past 3 months will suddenly be set on the back burner. This can be very frustrating. They culture? there is no culture, you will know the names of the people you work with daily, everyone else is just another nameless face.. It is VERY "corporate" and strict be it the dress code, your email, and internet usage everything is monitored and HR will call your manager if your outfit does not fit the dress code.

    Advice to Management

    Loosen up, Invest in your employees, and less on what they look like. Some of the most successful companies in the world are because they have an easy going culture.


  10. Gone Downhill

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

    I worked at Reit Management and Research full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good benefits, generous vacation policy, competitive salary

    Cons

    Poor management, negative office culture, oversight of the "little people", minimal communication

    Advice to Management

    Consider giving your managers better training. My last manager was kind of thrown into the position and it was obvious this person did not know how to manage. The head of the office was overly tolerant of bad behavior by select employees. It definitely felt like an atmosphere where certain people could get away with being hurtful or rude or disdainful but others could not. Definitely favoritism. By the time I left, I was so stressed that it was a relief to get out. I no longer felt that I was valued or treated respectfully.


  11. Helpful (1)

    Job was great at first.

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

    I have been working at Reit Management and Research

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The pay is within range of other organizations in the Boston area. Seems as if organization is reading glassdoor, they are attempting to make changes. Organization does attract talent - not really sure how.

    Cons

    Senior Leadership is absolutely clueless. Organization is through fear. Avoid if possible.

    Advice to Management

    Leadership needs to be cleared out.



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