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Poor Management - Property Manager LEDIC Realty Company Employee Review

2.0
15 Jan 2015
Recommend
CEO approval
Business outlook

Pros

Good benefits, lots of holidays. Most property managers are great and all are willing to work closely to help each other. Great training program.

Cons

Upper management is untouchable. As a property manager, you have little power and aren't allowed to communicate with owners in most cases. If one of your superiors messes up or ignores requests, even with evidence you will get blamed and punished/demoted while nothing happens to those who actually made the mistakes. Most properties LEDIC takes on now are in poor repair, bad financial situations, and in dangerous neighborhoods. Owners they take on are shady and will pull contracts suddenly. If you didn't get paid everything owed while working at that property, the company will not reimburse you and instead insist that the owner owes you, not LEDIC.

Explore other reviews about LEDIC Realty Company

5.0
21 Feb 2022
Recommend
CEO approval
Business outlook

Pros

Company is very very Great

Cons

I don't have any cons

3.0
23 Aug 2016
Recommend
CEO approval
Business outlook

Pros

Luckily I have a Senior Executive Manager (SEM) that allows me to do my job to the best of my ability. It's not dictatorship. The SEM knows the difficulties the Property Managers face on a site level. The SEM trusts that we are working in the best interest of the company with the limited resources we've been provided.

Cons

1) The pay is not even close to being competitive, and the incentive bonus is not even honored. 2) Majority of the properties are tax credit and cash flow is very tight. We end of paying invoices anywhere from 6 months to a year instead of 30 net. This creates a lot of frustration with our vendors and builds a bad reputation.

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