Equity Residential reviews

4.2

79% would recommend to a friend

(1,118 total reviews)
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Mark Parrell

87% approve of CEO

74% positive business outlook

Equity Residential has an employee rating of 4.2 out of 5 stars, based on 1,118 company reviews on Glassdoor which indicates that most employees have an excellent 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
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.
1.0
Aug 28, 2015
Recommend
CEO approval
Business Outlook

Pros

I can't think of one good thing to say.

Cons

Equity Residential expects their employees to be assaulted, battered, viciously attacked and spat at while on duty but god forbid you try to defend yourself. I was terminated for self defense that was all caught on tape. I plan on fighting this tooth and nail. Large corporations such as Equity Residential should not be allowed to treat their employees this way. It's time for a change.

1.0
Apr 29, 2014

Lacks culture and leadership

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Blah blah blah blah blah-

Cons

Regional level leadership have their best interest in mind, not yours or your teams. No employees to - figure it out! Worked 7 days straight to bad - figure it out! You are expected to create miracles with nothing, when you pull off those miracles, it's written off, if your not an inner circle employee, or at a flagship property Outside the box creative thought is not allowed, or tolerated. Many hidden agendas.

Viewing 16 - 18 of 1,118 Reviews

Glassdoor has 1,163 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.