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

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join Our Free Slack Community To Up-Skill Yourself: https://bit.ly/3IY8kwK ➡️ 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 Linkshttps://www.instagram.com/stephenpetasky/https://twitter.com/stephenpetasky/https://www.linkedin.com/in/stephen-petasky-86437711/ ➡️ Podcast SponsorsHubspot — https://hubspot.com/  Butcherbox - https://butcherbox.com/success (Code: success)Justin Wine - https://justinwine.com/ (Code: success15)My First Million Podcast - https://www.youtube.com/@MyFirstMillionPod/DeleteMe — https://joindeleteme.com/success (Code: success) NetSuite — https://netsuite.com/scottclary/Factor — https://factormeals.com/successpod50 (Code: successpod50)HelloFresh — https://hellofresh.com/50successpod (Code: 50succespod)Munch— https://www.getmunch.com/ (Code: success)ZBiotics — https://zbiotics.com/success (Code: success) ➡️ Talking Points00:00 - Introduction01:18 - The Early Life of Stephen Petasky04:31 - Stephen's First Business Venture08:04 - Lessons from Stephen's Business Mistakes13:32 - Expanding the Initial Venture16:25 - Stephen's Current Business Journey21:10 - Exploring Real Estate Opportunities28:13 - Evaluating Investment Risks34:00 - Addressing Property Vacancy Issues36:57 - Sponsor: My First Million Podcast37:30 - Strategies for Success45:26 - Building Effective Teams51:27 - The Importance of Reference Checks53:51 - Thriving in New Business Territories55:54 - Stephen's Interest in Vacation Real Estate59:16 - Exploring International Property Markets01:03:45 - Insights into Real Estate01:07:00 - Understanding Deal Flow01:08:50 - Final Thoughts and Connecting with Stephen Petasky Online01:11:57 - Reflective Conversations with Stephen01:13:07 - Overcoming Major Challenges01:14:45 - Influential Figures in Stephen’s Life01:15:51 - Recommendations for Aspiring Entrepreneurs01:17:48 - Advice to a Younger Stephen01:18:40 - Redefining Success with Stephen Petasky