Co-owner, the Naples Group: Age 29
When you ask Lucas Giusto about the secret to success for the Naples Group, he responds, “we always answer the phone.”
As a college student living off campus, Giusto understood that if he owned property and rented it out to friends, he could live for free.
After receiving a business administration degree from Westfield State University, he acted on his initial idea and began buying college rentals in different parts of Western New England.
After gaining more experience by working with several area realty groups, in 2019, he and a business partner founded Naples Group, which consists of three real-estate-related businesses.
Naples Realty Group is a real-estate brokerage with more than 50 agents. Naples Home Buyers specializes in purchasing distressed properties and improving them for resell. Naples Waste Removal, which opened last year, offers property cleanouts and dumpster rentals. In addition to all that, the group has a rental portfolio with 50 available multi-family units and a goal to grow that to 100 by the end of this year.
Giusto takes particular pride in the home-buyers group because it helps people get out of tough situations. “If someone is being foreclosed on or they have property blight they can’t fix, we can offer them a quick sale. If the house is in good shape, we will list it with the realty group so they can get top dollar.”
With homes in short supply, renovating distressed properties can be a real opportunity for someone looking for a home.
“If our realty group has a potential buyer, we can help them get into a newly renovated home, sometimes even before it goes on the market,” he explained. “A renovated property is a win for the buyer and the agent.”
Giusto emphasizes mentoring and learning as part of the culture at the Naples Group. “We help our people to hit their goals by teaching them how to flip a house, how to buy a rental property, and even when not to buy a property.”
In the community, he has formed a relationship with Bob “the Bike Man” Charland.
“Bob will often go through a property before we renovate it and find items to donate,” Giusto said. “We enjoy supporting his foundation, Pedal Thru Youth, which provides bicycles for kids in need.” Giusto also supports several other local efforts, including Empty Arms Bereavement in Northampton.
By renovating distressed and unwanted properties, Giusto gives them new life for new families — and makes Western Mass a better place to live.