Merging Passions and Lifestyle with Luxury STR's - Stephen Petasky

Success can be in any form, depending on one's perception. But everybody would agree that earning while doing what you love is a prosperous lifestyle. Join your host, Vince, and guest, Stephen Petasky, in this episode of The Cashflow Project as they discuss merging passions and lifestyle with Luxury STRs.

 

Stephen has been an entrepreneur his whole life. Like any entrepreneur that is great at seeing the vision for solutions, he is always looking for remedies to problems that he sees - especially for the things he is attracted to. One of his passions is traveling. He loves seeing different parts of the world. In his travels, he would see problems in the vacation rental or hotel he stays at and always suggest things to improve the customer's experience. This love for travel and his desire to make holiday experiences of people memorable led to the founding of The Luxus Group, which started as a luxury real estate private equity group specializing in the acquisition, building, and management of recreational properties around the world to create extraordinary holiday experiences to travelers like him.

 

Outline of the episode:

 

·        [00:57] How Stephen got into real estate and how he started Luxus

·        [05:05] His business situation during the 2008 recession

·        [08:02] Is he seeing the same uncertainty in 2008 with the present conditions

·        [11:40] The most significant challenge they have faced over the past eight to ten years

·        [17:56] What to do when you reach 500 units

·        [21:59] What does Stephen thinks about realtors?

·        [27:33] Community and its readiness for innovation

·        [32:37] Vacation rentals as a portion of his portfolio

·        [40:07] Stephen's why for all of these

·        [46:09] The most significant lesson he learned in his career

 

Resources:

●   Website

 

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