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Success Story Podcast

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

By October 6, 2023October 7th, 2023No Comments

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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.

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

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