Owning luxury real estate can offer lifestyle benefits aside from the perks of an income-producing asset.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Stephen Petasky, founder and CEO of the Luxus Group. Luxus aims to provide an overall travel solution for affluent families seeking enhanced vacation experiences. Luxus Group includes Luxus Developments, Luxus Restorations, Luxus Vacation Properties, and a special project called Ena Lake Lodge, a private fishing club.

Jonathan and Stephen start their discussion by exploring Stephen’s interest in the luxury real estate space that began with his parents. Stephen explains why it’s important to enjoy the real estate you own and the lifestyle that comes with it, balancing making a profit with enjoying your properties, and involving the entire family in a vacation or luxury property purchase. You’ll hear about Stephen and his wife’s first investment purchases and how they involved family and friends, understanding your target avatar, and why remaining hyper-local and understanding your community’s needs can be a business boost. Finally, Stephen outlines what he’s looking forward to as his business grows and evolves and builds brand loyalty and trust with guests.

Part of the appeal of buying real estate is its tangibility, and owning luxury properties can up the ante. Stephen Petasky reveals how he built a successful business with luxury properties while enjoying them with his family.

In this episode, you will hear:

• How Stephen Petasky developed an interest in the luxury real estate space through his parents
• Enjoying the real estate you own and the lifestyle it can create
• The balance between making a profit and enjoying the properties you own
• Involving the whole family in a vacation or luxury property purchase
• Stephen and his wife’s first investment purchases and how they involved family and friends
• Understanding who your avatar is and building the business around something you’re passionate about
• The transition from the initial iteration of Luxus to vacation rental management as Airbnb became more popular
• Remaining hyper-local and understanding your community’s needs
• What Stephen is looking forward to as his business grows
• The loyalty guests feel to brands and how operators can retain that loyalty

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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/222/ to download it.

Supporting Resources:

Luxus Vacation Properties - www.luxusvp.com

Luxus Vacation Properties on YouTube - www.youtube.com/@luxusvp

Find Luxus on Instagram - www.instagram.com/luxusvp

Connect with Stephen Petasky on LinkedIn - www.linkedin.com/in/stephen-petasky-86437711

Luxus Group - www.luxusgroup.com

Luxus Restorations - www.luxusrestorations.com

Website - www.streamlined.properties

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/trustgreene

Instagram - www.instagram.com/streamlinedproperties

TikTok - www.tiktok.com/@trustgreene

Zillow - www.zillow.com/profile/StreamlinedReal

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Facebook - www.facebook.com/streamlinedproperties

Email - [email protected]

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.