Pros
Hours are great, and my District Managers have been very flexible for vacations/time-off, etc. Depending on your locale, the bonus structure is pretty good. Apartments are decent, and the total compensation package is acceptable if you have another earner in the family. For the most part, it's a low-stress job, with the occasional flare-up of craziness here and there. I get along great here with my bosses and they make me feel like I'm doing a good job. It does not necessarily result in higher pay, but it's nice to be told that you're appreciated, too.
Cons
Once you understand the corporate model, it's not so bad. You have to understand that the top level of the corporate chain makes the most money. The bottom, well, doesn't. And yes, they are also very out of touch with our everyday tasks and customer interactions. As most of the other reviews state, once you hit the top PM position, there is little if no chance for promotion. Goals are based on things that are out of the managers' control, such as customer behavior, payment history, etc. It's not a job I will be keeping for much longer, but I have been here a few years and I can honestly say that it is the easiest job I've ever had. That being said, the laziness and lack of drive of fellow managers make it difficult to feel like you're better than they are. I would like to move up in this company and ultimately the lack of advancement is what will cause me to leave. DMs have the closest relationship with property staff, but have so very little flexibility in rewarding them.