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Tal Maimon Shares Entrepreneurship Lessons Learned From Building a Luxury Rental Empire in L.A.

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Tal Maimon Shares Entrepreneurship Lessons

I was able to get the chance to interview 33-year-old Tal Maimon the Owner and operator of Maimon’s Group Luxury, Rentals and Concierge services. At age 23 he completed his service in the Israeli navy then decided to move to united states. He worked as a waiter for the first year and slowly began to set his sights on a position that was more financially stable. He then worked in construction and gradually built his knowledge on how to build a home, from the cost of materials and goods to financing. Tal really enjoyed his work; however, he had always felt that his interests were in real-estate. During his work in construction, he took the opportunity to invest in a solar company which he’s currently a partner at. The lessons he’s made in this process have by no doubt played a huge role in his success. The people he has met have been inspirational and have really shown him that with dedication and hard work anything is possible. Here’s what he said during the interview. 

 

Could you tell us about your background?

Tal: It’s sort of full circle for me that I’ve ended up where I am today. Growing up my father was in real estate and I remember him always pushing us to peruse a career in real estate as well. In 2017 I decided to take the initiative and combine all the connections I have made over the years with clients, realtors, and homeowners and provide a luxury service for high-end clients. By 2018 it was apparent that I needed to expand my business since the demand for this specific kind of luxury services was high. I got in touch with every homeowner I knew and slowly started to expand my listings. It’s been a fast growth but that’s not to say that hard work hasn’t been done. On the contrary, I have spent countless hours going over details and contracts with both homeowners and the clients to ensure all parties are satisfied. Every job, lesson and hardship I’ve had have fully prepared me for the position I currently have. I really enjoy what I do and that to me is a blessing in itself.

What are your responsibilities as CEO of Maimon’s Group?

Tal: As the owner and operator, I do it all and I’m involved in every decision and every step. I truly enjoy my work so to me it is only beneficial that I will be as involved as possible. At the end of the day, it’s my name that’s on paper, and I take that responsibility very seriously.

What inspired you to go after the luxury renting Industry?

Tal: I wasn’t born into a luxurious lifestyle but growing up I always knew that I wanted to have more. It just so happened that my father’s advice along with my connections gave me a perfect platform to launch Maimons Group.

 

Can you share the most interesting story that happened to you since you started your company?

Tal: Once I had an individual contact me regarding a birthday for their 75-year-old grandmother. They had given me the list of the attendees and what I assumed was the correct number of guests. It sounded like a great gathering with friends and loved ones. We also had a mutual friend so to me it sounded like a great deal and I agreed not to take a big deposit. I knew that both the homeowners and the clients would be happy with the services that I provide.

So, I went ahead and verified the booking and received the payment and all was well. Little to my knowledge the house I had just rented out was being used for a party of 100+ people who were parked all over, blocking homes and driveways, and creating an overall disturbance, not to mention breaching a contract they had signed. Needless to say, I was left to deal with the aftermath of police officers, tow trucks, not to mention all the damage that was done. That day I learned a very important lesson. To protect me, homeowners and clients, because at the end of the day, this business works best with long term relationships and commitments.

What were the biggest entrepreneurship lessons you learned from your experience with Maimons Group?

  1. The biggest lesson for me has been to deal with homeowners and clients directly. This way you’re minimizing misunderstanding and you’re also building a connection that will essentially bring you returning clients.
  2. Always make sure to have the payment and deposit before the client checks in. This way you’re protecting the homeowners and yourself. So many people in this city bypass this very basic step and end up with the damaged property and extended stays that will never be paid for. My goal has always been to protect the homeowner and provide a nice experience for the clients. 

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Jourdain Bell is an entrepreneur, writer and Co-founder of Beast Media Agency where he focuses on helping Influencers and Entrepreneurs get their message out through Personal Branding and PR. He also works for one of the most active Venture Capital Firms in the world, Alumni Venture Group. Jourdain sleeps, eats, and breathes entrepreneurship. He started selling Candy and electronics in high school, then joined a start-up in college that he helped grow from $20k to $130k a month in just 8 months. Now he shares both his and others expertise about business and entrepreneurship on sites such as Influencive, Future Sharks, Kivo Daily, Disrupt and more!

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