Aimco Apartment Homes - Sinking Ship | Glassdoor
There are newer employer reviews for Aimco Apartment Homes
There are newer employer reviews for Aimco Apartment Homes

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Helpful (7)

"Sinking Ship"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Community Manager
Current Employee - Community Manager
Doesn't Recommend
Disapproves of CEO

Pros

Free Housing, generally the other employees are friendly.

Cons

The time it takes to do the actual job of serving residents is consumed with mundane reporting to management that is often duplicative as there are too many chiefs not listening to the Indians. There is a lot of training - unfortunately, it has been created in a vacuum and the concepts have not been tested on-site.

Advice to Management

STOP and Listen to your Employees - and put people in Senior Management who have worked on and understand how the company's Operating Manual is onerous and contributes to inefficiencies more than it actually helps. It would also be beneficial if they could pull their heads out of the sand and recognize that we are in a financial crisis - that is to say that rent levels are down in virtually every market, yet the company still has projected rent growth and ties compensation to growing rents while maintaining expenses at 2007 levels (the reality is that we need to consider recognizing buildings that manage to hold the revenue at 2008 levels in admidst of a tide that is going out - their expectation is that as the tide goes out, our boat will rise).

Other Employee Reviews for Aimco Apartment Homes

  1. Helpful (4)

    "Required Review of AIMCO for Glassdoor.com Access"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Orlando, FL
    Former Employee - Manager in Orlando, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    The best reason to work for AIMCO is that they pay at or above average for the metro Orlando area compared to other property management companies. They also have also began to invest in their employees through continued education and proper on-boarding of new hires instead of the long executed method of "turning and burning" employees.

    Cons

    I do believe the senior leadership team is committed to providing an equal opportunity for employees. However, there needs to be reengineering at the area level or at a minimum the "Hiring Managers" need to have a check and balance system that they are required to use to protect the current employees, prospective employees, and the organizations best interest. I do not believe AIMCO intended to operate their business and promote employees based on favoritism or discrimination. This is happening at the area/divisional level (in some places but I can not speak for all areas) and hiring managers are given too much control over whom they "move" into positions, and there is not a check and balance system to ensure the highest qualified individual for the position is offered the job. To sum it up if you are not on the "favorite" or "buddy" list or in with the hiring manager of that position you will not make it far, or worse you may even be let go in order to save someone else that is far less qualified. There are many moderate to even good things about working for AIMCO, but it is a shot in the dark as to how far your future will go if you end up in an area that values favorites over qualifications.

    Advice to Management

    You need to start look, I mean really look and invest some time and money into finding out what is happening at the area level. You are loosing (this is 100% factual) many qualified employees because poor hiring decisions (borderline unethical in a half a dozen specific examples that I personally can count) are being made, and nobody is being held accountable for them. You should focus your attention on trends (hiring, lay offs, reports to HR) that are brought to your attention in certain areas. Employees are the reason you have a successful organization. Without employes you would not have a team of people to deliver the service you want to the residents, whom are the 2nd reason you have a successful operation and a financial means to keep your doors open. You are loosing handfuls of extremely qualified and over qualified employees because nobody is taking the time to invest to research how the business is operated on a much lower level. Lots of things are slipping through the cracks, being overlooked, or people are turning their heads, which is resulting in lots of unhappy employees. Do you think that all the phone calls, emails, or postings on job sites about reports of unethical decisions are all fabricated? Or do you not value your employees enough to care?


  2. "Great place to work, but hit with the economic downturn."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Denver, CO
    Current Employee - Anonymous Employee in Denver, CO
    Recommends
    Approves of CEO

    Pros

    Good work environment, industry leader. Owns and operates most apartments in the nation, so you get a lot of exposure to different markets.

    Cons

    Recent economic downturn has put a strain on the stock price and consequently all aspects of the business, including some downsizing.

    Advice to Management

    Continue to spur operations at a high level and seek out the best markets for future growth.

There are newer employer reviews for Aimco Apartment Homes
There are newer employer reviews for Aimco Apartment Homes

See Most Recent

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