Be very careful about "partys" (ahem --- it's spelled "parties").
Hosts permitting guests to have parties in their listing, is one of the main arguments that many cities are using, to shut down Airbnb in their city, or prohibit short term rentals in their city, town or region. As responsible hosts, we want to make sure that we dont' rent out our properties in ways that cause problems for our neighbors, as doing that can cause problems boomeranging back not only for us, but quite plausibly, for all the other hosts in our city, when our one out of control party is now the excuse the city is using to prohibit all short term rentals in our area.
So if you want to do parties at your listing, make sure that this will not cause problems for your neighbors. Having a wild party which causes noise and disturbance for a 3 block radius, involves police being called to your property, and/or results in massive damages which put you in the local newspaper, is not going to be good for you or for other hosts in your area.
See my post on this issue, here:
https://community.airbnb.com/t5/Responsible-Hosting/The-story-of-how-one-person-creates-short-term-r...