How to get a job at Equity Residential.

Do you work at Equity Residential? How did you find the job? How did you get that first interview?

Any advice for someone trying to get in?

Interested in leasing position with Equity relocating to Wisconsin in 1 week looking for career oppurtunity in the north Chicago area, Gurnee,Waukgean, Mt Prospect and areas alike

I have 10 years experence in Property Management, 3 with Equity Office Properties in commercial Class A. I have applyied 4 times and have gotten no responce from Darin or Darek. As for the person with a "MBA" If I had a "MBA" I sure as hell wouldn't be in residential property management. I would be a general manager or a ceo of a commercial company where the real money is.

WHO PROFITS?

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
Equity Residential

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:
www.aflcio.org/corporatewatch/paywatch/ceou/database.cfm?tkr=EQR&pg=1
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.

Dear Equity Resuident in DC
THANK YOU so very much for opening the eyes of the inexperienced.
Archstone, UDC and all the big companies are the same, Having worked in the industry for decades I changed to independent condo management the pay is substantially better less pains from corporate and some times your appreciated.
Kudos to you
Dragon

I tried submitting my resume and ultimately attended a job fair they hosted. I was given an interview on the spot and set up for a follow up interview with the regional manager. I was hired a week later. I would recommend you attend a job fair.

I've applied several times in several locations and have not once heard anything back.
I am trying to relocate out of Florida where the condo and apartment craze is dead. Plus I hate Florida. I am a licensed CAM and have over 10 years of property management experience. It is disheartening when you don't even get a response.

As someone with a lot of experience in this industry, working for both small and large companies, I can honestly say Equity Residential is the best company I have ever worked for. I also have friends in this industry who work for other companies across the United States. So I am able to keep up to date in the industry. There are a few things this poster failed to mention. David Nethercut and other corporate staffers declined to take their yearly bonuses in 2008 so that their hundreds of employees across the U.S. would receive theirs. It is true that leasing agents are paid these hourly salaries across the U.S. However, you did not mention the monthly bonuses they receive. Likewise, the annual bonus was not mentioned. I have read post after post in the property management forums. All of them complaining about little pay or no pay and compensation by rent only. I currently work on one of our small properties. It is only 192 units. I am paid very well for the area and size of this property. My bonuses contribute largely to my salary. The difference between Equity and other companies is that they demand greatness. As the saying goes, To whom much is given, much is expected. Trust me, after the training and knowledge you receive with this company, you will be able to interview and receive any job you apply for in this industry. Ask yourself if you want a job or do you want to be great at your job? If this is industry you want to be in, Equity Residential is where you want to work. Do your research via the internet. Equity wins awards for the training they offer to their employees. The very first year I became empoyed with this company, I received an $800 annual bonus after only being employed for 3 months. Who does that????? In closing, there will always be things you don't like about your job. Even the top execs have something about their job they are not 100% happy about.