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

Success Story with Scott D. Clary

Success Story Media

Business, Education, How To, Self-improvement

4.6 • 326 Ratings

🗓️ 5 October 2023

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

➡️ 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

Transcript

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0:00.0	So I haven't worked with a lot of wine or liquor or alcohol sponsors, but I'm very happy
0:05.1	that Justin Wines reached out. They wanted to work with me and sponsor the podcast. Whether
0:09.1	or not you're buying wine for yourself or you're looking for corporate gifting or gifts for
0:13.1	friends and family, they got you covered. They recently sent me some of their wines, including
0:16.9	the cabs of their flagship wine. I saw sleeves and their award-winning justification. I cannot wait
0:22.3	to share these with friends and family and also drink some myself. Justin Wines has been crafting
0:27.3	exceptional wines since 1981, with world-class Bordeaux style wines. Justin basically put
0:33.6	Castle Robeless region on the wine-making map. They thoughtfully produce wines with boutique
0:39.2	wine-making practices and it is the perfect gift for loved ones. Gifting with Justin is effortless.
0:44.9	You pick your wine, you select the box, you add a personal message, and you leave the rest to
0:50.2	them. You could be gifting yourself if you want to. I'm not holding any judgment. Shop all of their
0:55.1	exceptional wines at JustinWine.com and be sure to use promo code Success to receive 15% off
1:02.1	your order today. The only way to become a leader at something. Only ways to be obsessed. Times
1:07.3	infinite. You can dedicate as much time as you want to something you love. If you love it. If you
1:13.3	don't really love it, you're going to find ways to get out of it. If you're talking about
1:16.0	disrupting the space or being a superstar within your own space, you just have to be... Today,
1:20.8	my guest is Stephen Patasque, CEO and founder of the Luxus Group. He has owned and managed over 50
1:27.8	luxury properties and hospitality assets with a value of over $100 million in six different
1:35.0	countries. There are only about five people on earth that operate in the luxury real estate space
1:40.4	at this level and Stephen is one of them. Raising the $100 million is already an incredible feat.
1:45.5	How do you raise a hundred million in six years? Whatever your business is, whether you're cutting
1:50.0	hair or taking out garbage or raising a hundred million dollars, I'll get to how I think someone
	...

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