Real Estate Brokerage Graduates from Incubator
Edgewood, MD (PRWEB) November 01, 2016 -- The purpose of a business incubator is to provide office space to new businesses that are not quite ready to lease or buy full-scale facilities. It allows them time to create their business plan, launch the business from the ground up, and refine the model until they find a system that works. A successful “incubation” occurs when a firm does all of this, and graduates to another location. High Power Realty is one such business.
Scott Miller, the broker and sole owner of the company, started High Power Realty in 2014 during the first year of a Master’s degree program in Real Estate at Johns Hopkins University. At the time, he was a residential and commercial agent at a Century 21 franchise, and found that with what he was learning about the business, and even more importantly, what he could accomplish, he should have his own company.
“I enjoyed my time there,” Scott says speaking of Century 21, “and definitely got my feet wet there. My old Broker was a wealth of knowledge, but I was only doing transactions--a lot of them, mind you—but nothing more than that. And I began to start thinking differently, like about how we can change the real estate business. Not just do a bunch of contracts and leases. I couldn’t do that working at a franchise.”
So, he signed a month-to-month lease at the Havre de Grace Corporate Center in downtown Havre de Grace, MD. Admittedly, the first year was tough, according to him. “Sure, you don’t have to buy inventory, but there are plenty of expenses, and this is a very competitive market. There were two other brokerages on the same street! But my clientele started to realize that I was a bit different; I could get them the best deal possible, whether they were buying, selling, or dealing with commercial real estate, and not just because I was some sort of magician. It was because I care about my clients,” Scott said.
He settled on a space in the Keen Gas building at 2813 Pulaski highway in Edgewood, MD. “The space isn’t much bigger, but it’s exactly what we need. We are extremely tech-centric, so we don’t need to bog our clients down with coming in and out of a busy office, driving through traffic, and waiting for an appointment. And for what? We can do everything we need to help our clients from a remote location.”
The size of the space wasn’t the only reason he chose Pulaski highway. “The decision was strategic in a couple of ways. We can easily service our clients from Elkton all the way down to Baltimore City in the same amount of time as before, probably even less. And we want to reinforce our commitment to the communities along route 40, especially Edgewood. Can you believe there were no real estate brokerages in Edgewood until now? Crazy!” He said.
“We’re already working with people to renovate homes and lease, buy, or sell commercial space pertaining to their businesses,” He says excitedly.
Yvette Edward, owner of Mola’s, a Caribbean-inspired carryout in the Edgewood shopping center had this to say. “Scott was very attentive to our needs. We were looking for space for a while for our business, and he came to us with this opportunity in Edgewood. The place works for us because it has plenty of foot traffic, and he got us a decent deal.”
Scott Miller, High Power Realty LLC, +1 (443) 866-6728, [email protected]
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