Colonial Properties Trust Reviews in Raleigh-Durham, NC | Glassdoor

Colonial Properties Trust Raleigh Reviews

2 reviews

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Raleigh-Durham, NC Area

3.0
Star Star Star Star Star
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Colonial Properties Trust Chairman and CEO Thomas H. Lowder
Thomas H. Lowder
1 Rating

2 Employee Reviews

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  1. Helpful (1)

    "This has been quite a learnibg experience."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Raleigh, NC
    Current Employee - Anonymous Employee in Raleigh, NC
    Recommends

    Pros

    Good industry and good but expensive benefits. Good product and opportunity to learn as much as you want to learn about the business.

    Cons

    Pay and long hours. Most Weekends you'll work. The music we have to listen to all day can put anyone to sleep! Management does not give us money for the things that would make Colonial a cut above the rest.

    Advice to Management

    Hire more maintenancce (part-time even!) and please do most of the painting by professionals! Listen to us. We hear it all day long. We know what's really going on.


  2. Helpful (2)

    "Be prepared to work hard and get nothing in return."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Property Manager in Raleigh, NC
    Former Employee - Assistant Property Manager in Raleigh, NC
    Doesn't Recommend
    Disapproves of CEO

    Pros

    -Higher pay than most other companies in this industry but they need it to retain employees.
    -Many properties and high turnover so chance to move up is greater.

    Cons

    -Only one choice for healthcare and its expensive
    -401k company match is gone
    -80%+ turnover rate
    -Understaffed properties so getting time off is difficult
    -Got rid of vendors so if you are maintenance be prepared to give your life cleaning carpets and painting and if you are a vendor trying to get paid goodluck
    -Management changes are so frequent its hard to get noticed for promtions. You have to prove yourself so many times over.
    -Corporate office micromanages the property managers so bad. Ordering basic office essentials is a nightmare.
    -Company policy has it if you get written up for something they will take away your commission. Write ups are frequent. Normally when you are pulling a high commission for that month.

    Advice to Management

    Let the property managers handle the properties. That is why you hired them in the first place. Quit micromanaging so bad and go back to the corporate culture you had prior to 2007.


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