Public Storage reviews

3.0

42% would recommend to a friend

(2,162 total reviews)

Tom Boyle

62% approve of CEO

50% positive business outlook

Public Storage has an employee rating of 3.0 out of 5 stars, based on 2,162 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Public Storage employee rating is 20% below average for employers within the Real Estate industry (3.8 stars).

Reviews by job title

2K reviews
1.0
Nov 16, 2015

DM

Recommend
CEO approval
Business Outlook

Pros

Never a minute of boredom. Relaxed work clothing while working. Opportunity to advance and make $32,000 year bonus.

Cons

Of course, for each pro, there is an equal con. Never a minute of boredom. Not on weekends, at nights, on your paid time off (when you are told to ensure your phone and computer are nearby to work) Contrary to what some of the other HR people have posted, there is ZERO work/life balance. Cannot be unavailable at any time on the weekends without having your regional manager OKing it. Including going to the movies. Seriously. Relaxed clothing. You'll need it. You will be cutting locks with grinders and drills. Roughly 150 per month. You also have 10 properties to auction off people's belongings. Walking each property, rain or shine. You will have to treat your best employees poorly. We have stopped giving raises to resident property managers. New ones will have to be at minimum wage, forever. Try using that to retain your best help. Opportunity to advance. Because everyone is replaceable. You, your boss. People come and go constantly. Nearly 50% turnover in the DM position. Don't let them fool you about work ethic and such. They know your shelf life is roughly 2 years and will work you to the bone until then. Lastly, company philosophy on almost everything. They refuse to spend money on ANYTHING, yet tenants get yearly rent increases, significant amounts, 15% or more. So many SCRIPTS, that I am surprised the hourly turnover isn't higher than the 75% it is. (Our region pushed past 110% this year)

1.0
Aug 31, 2016
Recommend
CEO approval
Business Outlook

Pros

Pay is okay, decent benefits, bonus & stock if you can survive long enough to see it, not much travel

Cons

AWFUL CULTURE, (and by the way, those gleaming 5* reviews are fake, once you work here, you'll see what I mean. Pool work / Life balance, never a break, managing underpaid, unmotivated employees with no incentive, you truly are a # here, upper management does not care & are just in it for the bonus, poorly maintained facilities, major turn over on DM and hourly employee level, you really are over worked here, plan on never getting quality time off, the hourly employees are miserable, you are a slum lord to the resident managers, mandatory Saturday & Sunday each month On Top of a full work week for 6-7 months out of the year, plan on a 65-70 hour work week, always threatened with losing your job, plan on being maxed out & stressed out, you really have to do everything here / most companies have other employees to do certain things like training & coaching, repairs & maintenance, basic customer service, accounts payable & receivable (this list goes on & on) but here at PS, EVERYTHING falls on the DM lap, and one mistake & you're fired. Nobody seems to be happy, everyone is miserable & bashes this company (I get that every company has this, but it's excessive here) hence the turnover! Don't fall for that "we're growing" BS, they are growing, but people quitting is the REAL problem here. Constantly told what's wrong, but nobody offers to help, there's no development here, it's an electric fence of performance with unrealistic goals. You get little or no support from management or corporate, they all just slam down on the field, and everyone just points fingers & looks for someone to blame, you have no voice here.

1.0
Apr 1, 2020
Recommend
CEO approval
Business Outlook

Pros

You will be forced to improve your time management and prioritization skills. Those who do not focus on this will be left behind.

Cons

Every publicly traded organization has three customers to prioritize: 1) the Wall Street customer (investors) 2) the external customer (those who purchase goods/services) and 3) the internal customer (the employee). Public storage has prioritized them in exactly that order. All questions, complaints, and concerns are looked at through a lens of "what will this do to the bottom line?" As a previous shareholder I can appreciate a focus on yielding returns and dividends, but as a former internal customer it was clear there was no balance in decision making. Front-line employees are paid minimum wage, or barely above, and asked to do unthinkable tasks due to the nature of the work. When asked why pay increases were so rare and unlikely, the response always referred back to Senior Leaderships approach that we can always "find more minimum wage people out there." As an internal employee that led front-line employees, you act as every department. You're required to lead R&M efforts, manage payroll, recruit vendors, handle customer escalations, manage IT issues, work with Legal department, manage operational projects, etc... There are NO SUPPORT PARTNERS to aid in any aspect of your job. Successful organizations have layers of support built in to support their most important customer: the internal one. Public Storage elects to remove those layers to reduce costs. There are no pay raises for any level of leadership. There is an annual offer of Restricted Stock Units that required 5 years minimum to vest and are consistently reducing in value due to the stock price falling. The work conditions are horrible and the environment is toxic for anyone with an executive maturity level seeking to grow their career. As a district manager your phone is never off. Minimum wage employees that realize they're not valued simply can't be reliable. District Managers are required to do the entry-level position at work as a Property Manager when the staffing model restricts payroll and resources. There were countless times where a peer or I had to work at a property and do our "day job" simultaneously. This is not a CAREER. This is a JOB that is designed to churn and burn when your best work is completed with promises of promotion that are not fulfilled.

Viewing 4 - 6 of 2,162 Reviews

Glassdoor has 2,193 Public Storage reviews submitted anonymously by Public Storage employees. Read employee reviews and ratings on Glassdoor to decide if Public Storage is right for you.