Role & Job Description was not as advertised - Portfolio Manager EquityTeam Employee Review

2.0
Jan 19, 2023
Recommend
CEO approval
Business outlook

Pros

The people, with exception to the Owner.

Cons

The Owner of EquityTeam was not upfront or truthful of the role and tasks that would be assigned to this role. The role I was hired for was Portfolio Manager and in both cases of the written job posting and the interview process it was clear that the PM role was not traditional as there were separate departments that took care of resident relations and service work orders. The role at EquityTeam was to be one focused on managing the overall performance of small portfolios and being the direct contact for the owner. However, I found very quickly that this was not the role. I was responsible for traditional PM duties involving residents, delinquency/evictions, vacancy, marketing, service work orders and project management. All of these examples are tasks that the Owner of EquityTeam stated repeatedly that I would not be responsible for. Please also review the "Interview Review" section on glassdoor as you will find another person who felt they were misled during the interview process in 2022. Comments on the Owner: He is a very bright man and has a great passion for the industry and overall has done well in achieving some success in 3rd party property management. My experience is he has little regard for developing a long-term team and building a culture to attract high caliber team members. The majority of the team members are from another country and work remotely. This translates into the benefits he offers: No insurance, no computer or tech (you have to provide all your own devises and internet), 90-day probationary period for holidays (which in property management industry is unheard of and should be a red flag to anyone serious about joining a company as a career and not a job). The owner promotes unlimited PTO but requires you to work on your PTO days off. So, while you can travel to a destination, the expectation is you are to work and be available when needed. He is a small organization, so one wouldn't expect a huge benefit package, however his ideals on company culture mean that he values very little in the areas of taking care of his people in the areas that really matter. Lastly, I will comment on the owner's communication style and my interview experience: The owner is very direct with everyone. While this is great in many ways, he has not obtained the poise and confidence to communicate in a professional way. He curses all the time...F words. All the time. When he communicates, he does it in a condescending and combative way. He is not humble and cuts people off often when they try to speak or give insights or perspective. My interview process was a mess: There were exactly 9 steps to obtain an offer. Absolutely uncalled for excessiveness that led to confusion and frustrations (for me.) There were many times I considered removing myself from consideration. Below are the 9 separate steps starting after my application was submitted and selected: 1) Online Questionnaire in which I had 8-10 questions. I answered half with text and half I recorded a video response. 2) Typing Test 3) Personality Assessment 4) Video Conference Interview 5) 2nd Personality Assessment 6) In-Person Interview 7) In-Person Lunch Meeting with another team member in the organization 8) On 2 separate occasions the owner called me and asked me multiple interview questions 9) Background and Drug Test

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EquityTeam Response
3y
We respectfully disagree (strongly) with this review and feel it was posted out of spite, pettiness, and retaliation rather than facts. We feel it’s important to provide some clarity and context around his points so that anyone interested in a relationship with our company can consider both sides. We’ll start by emphasizing this person was hired to fill an important role that we hoped would develop into a leadership role over time. However, much to our dismay, we had no choice but to terminate him after only 3 short weeks. If it wasn’t around the holidays, it may have been sooner. Our official reason for termination was that it “wasn’t a good fit”, which is putting it mildly. As a gesture of goodwill toward an amicable end to the relationship, we extended him an extra 2 days' severance despite his very short tenure with us. That compassion got us this negative review ¯\_(ツ)_/¯. As far as some of his other points, we’ll quickly reply here, but we’re happy to elaborate offline with anyone who would like to learn more: 1). MISLEAD ABOUT POSITION: This position was very well defined; the job ad, during the interview process, and while he was training. For whatever reason, he seemed to ignore what was being explained to him and see it through his own filters. We can’t control that. He refers to another “Interview Review” on Glassdoor in 2022 as evidence we mislead people. Please read our response to that review for yourself and form your own opinion. The summary was we told that applicant he wasn’t qualified for the position he applied for, but he did have some skills we may be interested in, so we proposed a meeting to discuss the potential of a win/win contracted relationship. We were very upfront about that the entire time. 2). OWNER DOESN’T CARE ABOUT CULTURE: That’s a strange comment from this person because days before being terminated he complimented the company on its’ culture, how we work as a team, and how everyone seems to enjoy their position and working for the company. Even in this Glassdoor review he mentioned the “Pros” as “The people, with exception to the owner”, showing his review seems to be more of a personal attack on the Owner than objectively reviewing the company. It also indicates the company has attracted and retained a lot of great people. Like many growing businesses, we have a lot of newer people, but we also have people who have been here for over 15 years. Our first Core Value is “People First” and another value is “TEAM”. Considering our size and the dynamic industry we’re in, culture is one of our strengths. Any comment about us that insinuates we don’t care about culture is a contradiction of reality. 3). COMPLAINTS ABOUT OUR BENEFITS: We feel our compensation, benefits, and reimbursement programs are VERY GOOD for a company our size. We’ll let applicants form their own opinions about it during the interview process and if they like, they are welcome to speak to current team members who appreciate and are actively using those benefits. We, like most companies, don’t provide company-paid benefits during the first 90 days. One major reason is it’s not fair to the other team members, who have worked hard to earn those benefits, if we just gave them away to newcomers. We don’t see how this is a “red flag” for anyone who is sincerely interested in being a valuable member of our team. Our Unlimited PTO program is real and works VERY WELL. We support a great work/life balance, as much as we can within an industry that is as dynamic as ours. If (for example) answering a quick text over a 4 day span, during a generational winter storm, about a property you’re accountable for overseeing, from an internal team members whose job is to help take care of said property, is too much to ask of you, you’re not going to fit within the team culture we’re trying to build here. 4). OWNER IS POOR COMMUNICATOR; DOESN’T LISTEN TO OTHERS; USES PROFANITY: Interesting that we received this criticism from someone who received multiple complaints daily from customers and internal team members, about his rude, abrasive communication. The Owner, and most members of the team are direct communicators. We’re tactful, professional, and resourceful. We’re in a problem-solving business that requires us to be direct to do our jobs well. Most people appreciate that, and if you don’t, that’s ok, but we’re not the place for you. Ask our current team members how much the Owner values team feedback, including our Senior Leadership Team who meet regularly to guide the company’s growth collectively. It’s likely this reviewer didn’t feel “heard” because his interests didn’t align with the company’s focus and values. For example, he thought it was appropriate to send multiple unsolicited (and condescending) emails to managers on how the company should operate, which only benefited him and his position, and wasn’t in the best interest of the company. Lastly, if lighthearted profanity in casual conversation, outside of a professional setting, is a problem for you….you probably won’t like working here, and that’s ok. 5). HIRING PROCESS: Our interview process is as involved as it needs to be based on the position and applicant. He was hired for an important managerial role, which may involve some extra due-diligence. Specifically, his application was active for around 2 months partially because we weren’t in a hurry (which we disclosed to him) and partially because we weren’t certain if he was a great fit. He had plenty of time to remove himself from consideration, but never mentioned any concerns during the hiring/onboarding process. It may be telling that when he was removed (terminated), the first question out of his mouth was “are you going to fight unemployment?”, which was very odd, and a first for us. Ultimately, our business and our company isn’t for everyone, and that’s ok! Since we want to be the best in our industry, we only want All-Stars on our team. However, finding competent people isn’t enough. There has to be competency AND a cultural fit. Unfortunately, that wasn’t the case with this “anonymous” person. We wish him well.

Explore other reviews about EquityTeam

5.0
Jan 25, 2023
Recommend
CEO approval
Business outlook

Pros

Some quick background: I've worked at EquityTeam in various different capacities for over 14 years, initially starting part-time, then full-time since 2016 Pros: - Fast-paced, challenging, fun environment - It is a great position and company for the right kind of person (right personality type, right skill set, ability to work unsupervised, self-starter) - Generous bonus program and ability to earn commissions (if licensed) -The job is not the same every day, which is great if you love tackling different challenges (I'm a type A personality, so this fits my personality type very well) - This job gives you the ability to really make a difference in someone's life. I usually work with owners/investors and help them be successful, but we also help tenants find great places to live - If you truly care about what you do, this isn't really what I would call work - I know that may sound trite, but the key to success in this industry is caring about your owners and their success, the houses you manage and our tenants - If you love real estate and real estate investing, helping owners, and a challenging work environment, this is a great place to work. - Unlimited PTO, better than industry standard pay scale, flexible work environment - We work together as a large, work-family. People get to know each other personally (both professionally through working with owners as I've made good friends with several of our clients, and internally with our co-workers) - Ability to change (move) positions if you wish (this can also be a con if it is discovered that a different position needs more attention or needs to be filled) - Constantly striving to find "best in class" solutions for our services, our owners, and our tenants, including the latest technology and trends (this is a constantly changing business and if you aren't constantly striving to find that best solution, you will quickly be left behind as the whole industry advances)

Cons

Cons: - You have to be a self-starter and have the ability to work unsupervised - Because of the industry we are in, it is not a typical 9-5 job - there are times when you are dealing with issues after hours (usually these are minor and there are other team members here to support you, though) - I mentioned personality type as a pro, because this type of work environment fits my personality type well, but this is an industry where you don't do the same things every day. This can be challenging for some people (if you are not comfortable with change, this can be difficult to deal with). So it is both a pro and a con, depending on what type of work you are seeking - We are still a young and growing company and are working to "find our footing". This can sometimes mean changes in direction for the company and employees. This also can mean your position may change if you find that a different position within our company is a better fit for your personality. - Changing technology/software can be stressful, but that is really the norm in this industry.

5.0
Sep 20, 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I have been working at EquityTeam full-time (Less than a year) Pros -Working for a highly respected Property Management Company -working with and communicating with the other members of the team -having a defined role in the organization with set duties -learning from the best team in the business -exceptional upper-level management -knowing that we are providing the best service to all of our owners, tenants, and vendors

Cons

Cons Cloud-based business and flex schedule means that you have to be disciplined enough to balance your work/life balance, real estate management is a dynamic business and you may be expected to be reached at inconvenient times, more applies to the industry and not unique to EquityTeam

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