Northeast Relocation goes through a relocation of its own
Patrick Flynn moved over the summer. Not his home, but his business.
This is newsworthy because the CEO of Northeast Relocation upgraded his
one-man office to a much bigger space in Stoneham and expanded his
staff. Not bad, considering he started this short-term home rental
company in March.
"You hear a lot of negative things about the economy all the time," says
Flynn, "so it's nice to experience first-hand that there's another side
where business is booming."
Northeast Relocation has two divisions: Northeast Suites and AvenueWest
Boston. The former serves corporate clients and individuals who want
high-end, short-term leases. It's a simple process: Flynn leases luxury
condos, furnishes them and then releases them for short terms to his
clients. Success, however, is in the details.
"I furnish them with everything from art to a potato peeler," says
Flynn. "The price includes utilities and WiFi. They just pick up their
keys and they're home. We also have clients who are patients at Boston's
"We have the finest medical care and people from all over the world come
here for treatment," says Flynn. "They're already dealing with
sickness, so they don't need more stress finding a temporary home."
The AvenueWest Boston division rents condos for private owners.
"We charge a management fee of 20 to 30 percent. But those condos that
might let for $2,000 to $2,500 a month normally will get a return of
$4,000 to $6,000 through us."
It's a win-win situation. Boston's relatively strong economy supports his success.
"Another clientele niche has been people who are having homes built or
renovated," adds the Newburyport native. "So that's more good news about
our local economy."