Equity Residential reviews

4.0

76% would recommend to a friend

(1,121 total reviews)
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Mark Parrell

87% approve of CEO

72% positive business outlook

Equity Residential has an employee rating of 4.0 out of 5 stars, based on 1,121 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Equity Residential employee rating is in line with the average (within 1 standard deviation) for employers within the Real Estate industry (3.6 stars).

Reviews by job title

1K reviews
5.0
Feb 26, 2016

Facilities Management

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Company has come a long way in my 18 year career. I've moved 7 times with this company - each time to better myself. I've seen major changes over my career, and while I didn't understand some in the moment, they all make sense now.

Cons

None to list at this time.

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Equity Residential Response
10y
Thank you for taking the time to give us your perspective on your work experience and the changes you've seen during your long career with Equity Residential. We appreciate your years of dedication and hard work!
2.0
Feb 26, 2016
Recommend
CEO approval
Business Outlook

Pros

Gives you experience in all aspects of residential real estate. As a leasing consultant, you not only lease apartments, but deal with resident's complaints, service requests, lease renewals and transfers.

Cons

The lowest pay in the industry by far. Base salary is at the low end, but the commission is a joke. You have to lease 5 apartments in a single month just to make over $500 in commission. They pay a tiered commission rate that is way below any other residential landlord din NYC. After leasing 6 apartments you reach the "high tier". This is when your commission rate becomes comparable to other landlords. Most landlords in NYC pay 10% of the first month's rent towards commission, not even close here. So good luck leasing over 6 apartments every month just to get to the starting point of the commission that other landlords pay. Its almost insulting to the intelligence and handwork of the leasing agent. Besides the low commission rate, you are also expected to handle a great deal of resident management work (which you are paid nothing extra to do). However you do get to deal with renewals, at a little under $150 per renewal. Although, its not easy. The renewal offers to residents are insanely high and above market and before you can negotiate down you have to go through a whole song and dance.

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Equity Residential Response
10y
We appreciate you taking some time to tell us about your experience working at Equity. We are consistently comparing our compensation against other companies using market data to ensure that we are competitively paying our employees. We are transparent in regards to pay and would be happy to discuss with you our total compensation philosophy that also includes benefits, discounted share purchasing, 401k matching, apartment rent discounts and more. Please reach out to your Community Manager, Regional Manager or HR Department to gain a better understanding of your compensation.
4.0
Feb 18, 2016

Leasing Consultant

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nice co-workers, straight forward commission plan, nice environment.

Cons

Low overall total salary compensation.

avatar
Equity Residential Response
10y
Thank you for taking the time to review your experience as a Leasing Consultant. We are happy to hear that you would recommend us to others and that you have had an overall positive experience. We are transparent about our total compensation philosophy and would encourage you to speak with your manager if you'd like to understand the pay structure better.
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Glassdoor has 1,166 Equity Residential reviews submitted anonymously by Equity Residential employees. Read employee reviews and ratings on Glassdoor to decide if Equity Residential is right for you.