Q: How do you get a job with Equity Residential?
A: You don't.
The Bottom Line: Tiny Pay for HUGE sacrifice and work.
Mentally: You will suffer the mental cruelty of very critical "watchdogs" who are creating longer and longer lists of rules and responsibilities for employees who are already overworked. (everyone knows Property Management is stressful anyway)
Emotionally: You will be more like a crisis hotline or social worker than a property consultant because with the new cruel and inhumane policies, along with rising rental prices in some areas, and tight finances, customers will be quite emotional at the end of the month or lease renewal times.
Financially: You will be the last man on a very tall and expensive totem pole. Leasing agents in the DC area make $12 an hour. Wanta know what the ceo makes?
"David J. Neithercut
Chief Executive Officer
In 2006, David J. Neithercut raked in $3,433,340 in total compensation according to the SEC. However, according to the AFL-CIO's calculation method*, he raked in $6,118,606 in total 2006 compensation."
Got this from this handy website:
When they talk about the cruelty of Corporate America, this is what they are talking about. Equity Residential is perfectly poised to get bought out. Blackstone purchased Equity Office Properties and it was the largest private real estate deal in the country at $39 billion.
Management at Equity Residential could care less about its residents only its shareholder value which contributes to their personal bottom line and expects the employees on the frontline to feel the same way. Unfortanately, the $12 and hour employees are COMPLETELY unaffected if Mr. Neithercut's salary, which translates roughly into about $509,883.83 a month, is affected goes up or down with company profit.