Vantaggi
I think the owner of the company is truly an asset to the Radco brand. I cannot say a bad word about him. He is very personable, came from humble beginnings, and built an empire. Very charismatic and means well. Their renovated product looks good.
Svantaggi
While the owner is a very smart man, I will say he does not employ the best people. There seems to be a specific club you have to be a part of to work at corporate. If you know the right people, you can get in up there even if you don't know what you're doing. Communication from corporate to all of Radco's properties and the employees that staff them is non-existent. These college real estate majors in the land acquisitions department who have never worked on a property in their lives buy crappy properties (understatement) and then the regional managers decide to hit the current residents with 12% renewal increases after the acquisition and then expect on site staff to keep occupancy up and get absolutely berated and picked apart if they don't. You cannot expect people to stay on your property when you hit them with a 12% increase and the majority of renters in today's economy are spending half of their paychecks on rent. Micromanagement with the regional managers is absolutely outrageous. They make unrealistic demands, comb through every single thing you do, stand over you, use deprecating language, and team morale just goes out the window. There is no consistency whatsoever across the board. I signed on the dotted line for a job description that was false. There is a reason they have such a high turnover rate with employees. In the last two months, the Senior VP, VP of Construction, Regional VP, HR Corporate Talent Manager, 5 different property managers, and countless leasing professionals have quit. Literally, people in positions at every level of the company have quit. That should be a great indicator right there.