The Maimon Group is establishing a level of excellence in the sphere of short-term luxury accommodations—it now has the biggest portfolio of short-term properties under that band in LA. The driving force behind the company’s efforts is to bring in “inspired experiences” for guests, and this technicality has served them better than a mantra or a slogan. Tal Maimon—president and founder of the firm—has quite an inspired story to relate about his journey up to this point.
Tal was born in Israel and raised there as well, and after finishing the mandatory military service the country requires of its able-bodied citizens, at 23, came to the US with the aim of accomplishing something special. He worked as a waiter while he was still getting the lay of the land. While the work ethic he espoused and the innate ability he had of connecting easily with people could possibly have led to success in the restaurant business, Tal was drawn to the construction business and the related field of real estate. The latter could have had to do with his father having worked in construction, which meant Tal himself was exposed to the endless possibilities that arena offers. Anyway, Tal began work with no formal education related to his job, started making connections and forging relationships, and the whole time, learnt and expanded his body of knowledge. However, he soon began to feel a calling—the nightlife in the city was expanding, and there was a requirement for luxury hospitality services.
This success story, like most, starts with the entrepreneurial spirit and courage to step up and fulfill a common need, and to do it better than anybody else. Back in 2017, the short-term luxury rental business sphere was still in a fledgling stage, and while there were many property management companies doing this type of business in LA, Tal swiftly found a way to do them one better. Where the focus heretofore was on providing good-looking stays for travelers to sleep in, he envisioned an entire new experience being created for the guest. Wouldn’t it work better if the prospective guest, after inquiring about accommodations, was led into a guided-journey where every tiny detail of their stay could be taken care of by a dedicated team? This would include placing said guest in the best possible property for their needs, arranging luxury concierge services including luxury cars and chef services, etc. From start to finish the guest would be treated hospitably, creating an atmosphere of familiarity which they would appreciate at any stage. And afterwards, the guest would have a story to tell of how they were catered to at the best level of service. Tal even saw better ways to serve property owners, such as transforming their properties into 5-star level readiness and consequently maximizing their potential.
With all of these ideas guiding him, Tal set out on his journey by acquiring his first piece of property, and then pulling up a team with whom he shared the commitment to excellence. This was the birth of the Maimon Group. Ever since the first property acquisition in 2017, Tal has forged ahead, buying new properties, learning from mistakes, and carefully assembling a portfolio of properties. The Maimon Group has not just stood strong during an incredibly challenging economic time, but even grown and gained market share. According to Tal, “the challenges and setbacks along the way only serve as inspiration to improve, to make fewer and fewer mistakes as we perfect our business model, always adapting and getting better”. Tal has definitely led his group into a state of dominance over the LA market, becoming the standard when it comes to luxury short-term travel with the provision of not just “Inspired Experiences”, but also maximized revenue on the owners’ side. He has expanded to provide event hosting as well as film locations at many of the highly coveted properties.
However, the one thing that sets this entrepreneur apart is that instead of seeking to drive others down, he wishes to partner with luxury property managers and grow in concert. He has poured significant resources into building and establishing a proprietary software platform which lets them work and grow together through the sharing of resources, instead of simply competing for market share. Called the LPMS, this platform is certainly going to be an industry disrupter. In the meantime, the Maimon Group and Tal seek and find new avenues to bring in “Inspired Experiences” for all parties involved.
