Bridging the Luxury Gap: How Maimon Group Seamlessly Connects Stakeholders in a Fluid Market
CEO and founder of Maimon Group, Tal Maimon, built the success of his luxury rental, concierge service, and property management company on one simple but infallible principle: to create a global limited community of mutually empowering industry leaders. With this driving force, they created the LPMS, a technology similar to MLS but tailored to short-term rentals, that facilitates access to luxury properties all over the world, allowing real estate agents, travel agencies, owners, property managers, and global booking agents to expand their market and increase revenue opportunity. This strategy stems from Maimon Group’s “Blue Ocean” concept, the philosophy of creating a market not based on competition but a community of partners. In keeping up with this strategy, Maimon Group leaders often emphasize the quote:
"Competition happens at the bottom, The people at the top are collaborating."
This is a business model that many other companies seem to often overlook and to prioritize profits instead, quarter after quarter. While steady profit is undoubtedly a driving force and necessity for every business, the true key to success, Maimon found, was prioritizing long-term relationships over short-term financial gain. Relationships alone, however, are only some of the keys, as a genuinely effective business model is multi-layered.
Maimon was exposed to the construction and remodeling industry as a child, and after growing up and relocating from Israel to Los Angeles, he devoted himself to the field wholeheartedly. Gaining invaluable knowledge and experience in all facets of the industry, from the physical and technical to the financial aspects, led to him becoming a highly trusted and competent consultant for his network of real estate professionals. Maimon sank his teeth into the industry's luxury real estate and property development markets specifically, and a short while later, he purchased his first property, assembled a team, and launched Maimon Group. While any real estate company can sell you a home, Maimon Group is devoted to reshaping standard real estate business models by selling homes and luxurious lifestyle experiences.
Complimenting their business model, which includes a family and friends type of team, a culture-based HR approach, and taking care of their employees, Maimon Group also offers owners flexible asset management options. It works with both exclusive and non-exclusive properties. From high-net-worth guests to prominent property owners, Maimon Group provides five-star hospitality standards in the comfort of a private home, offering 24/7 support and elite concierge services.
Aside from the ethical standards of prioritizing relationships and selling luxurious lifestyles, Maimon Group understands that the market is fluid. Many companies in the industry attempt to hold tight to outdated belief systems, whereas Maimon Group spotlights the need to remain malleable at all times. The current owner of one of Maimon Group's luxury short-term rental homes can become a buyer or a seller. This opens up the ability for a home that's up for sale to be used as a short-term rental before it is sold, if it meets legal compliances and city regulations.
Maimon Group continuously strives to provide a life of luxury for its guests and property owners. Still, their commitment to building and growing relationships is at the heart of their success. Curating a business model that resonates with not only your partners and stakeholders but also your guests and employees is influential. The goals, methods, ethics, and determination exemplified by the Maimon Group serve as a brilliant example for all those in the real estate and property management ecosystem.
