Stephen Petasky - Founder of The Luxus Group | Merging Innovation and Luxury in Real Estate

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➡️ About The Guest

Stephen Petasky is the CEO and founder of the Luxus Group, a company that specializes in developing, managing, and servicing resort residential and hospitality real estate assets. He is a visionary leader and a lifelong entrepreneur who has a passion for creating luxury lifestyle investments. He started his career as the president and owner of retail grocery stores, where he gained valuable experience in business management and customer service. In 2007, he launched Luxus with a vision to help people connect their dreams and passions with real estate investment. 

He created a unique co-ownership model that allows investors to access a portfolio of luxury vacation homes in different countries. He also expanded Luxus into the mid-luxury vacation rentals market, offering a curated collection of short-term rental homes that combine hotel certainty with vacation home comfort. He has owned and managed over 50 luxury properties and hospitality assets with a value of over $100M in 6 different countries. He has also serviced more than 20,000 client vacations to these properties, making him one of the most experienced and successful entrepreneurs in the industry. 

➡️ Show Links

https://www.instagram.com/stephenpetasky/

https://twitter.com/stephenpetasky/

https://www.linkedin.com/in/stephen-petasky-86437711/ 

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➡️ Talking Points

00:00 - Introduction 

01:18 - The Early Life of Stephen Petasky 

04:31 - Stephen's First Business Venture 

08:04 - Lessons from Stephen's Business Mistakes 

13:32 - Expanding the Initial Venture 

16:25 - Stephen's Current Business Journey 

21:10 - Exploring Real Estate Opportunities 

28:13 - Evaluating Investment Risks 

34:00 - Addressing Property Vacancy Issues 

36:57 - Sponsor: My First Million Podcast 

37:30 - Strategies for Success 

45:26 - Building Effective Teams 

51:27 - The Importance of Reference Checks 

53:51 - Thriving in New Business Territories 

55:54 - Stephen's Interest in Vacation Real Estate 

59:16 - Exploring International Property Markets 

01:03:45 - Insights into Real Estate 

01:07:00 - Understanding Deal Flow 

01:08:50 - Final Thoughts and Connecting with Stephen Petasky Online 

01:11:57 - Reflective Conversations with Stephen 

01:13:07 - Overcoming Major Challenges 

01:14:45 - Influential Figures in Stephen’s Life 

01:15:51 - Recommendations for Aspiring Entrepreneurs 

01:17:48 - Advice to a Younger Stephen 

01:18:40 - Redefining Success with Stephen Petasky