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All Forum Posts by: Kyle Parks

Kyle Parks has started 2 posts and replied 105 times.

Post: Buying a VRBO property but I live out of state, thoughts...

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

@John Underwood

So you call the police and have no physical interaction with them? I was under the impression that someone had to be there while they entered.

Post: Buying a VRBO property but I live out of state, thoughts...

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152
Originally posted by @John Underwood:

No management company needed. Manage from your phone using Vrbo. Just need a great cleaning service to handle turnovers and be your eyes and ears.

John, 

what happens when some idiots decide to throw a party at your place? Or you have an incident that requires removal of the guest? 

 Thanks 

Post: Finding Smarter friends

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

@Gabriel Bures

House hacked before I knew what it was. Just understood that someone else paying my mortgage was a good idea. We still own the place - its now 2x airbnbs and we bought a small condo down the street.

The rising prices did 2 things- raised my taxes and gave me the option to take alot of money out. Can't complain. Working on 2nd house now. :)

Post: Finding Smarter friends

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

@Gabriel Bures

Lakewood is on the up and up. I've lived here for 7 or so years (5 in lakewood) and it's one of my favorite places in the world. Not many chains, everything is small biz. All around its just a wholesome place. Prices are high right now (bought for 110k 5 years ago. Just appraised at 270 last week) but I guess that's everywhere

Post: Air Bnb in a not So Great Neighborhood

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

I dont have experience in this but can tell you that we highlight the shortcomings of our rentals. Under promise over deliver. 

people are traveling for all sorts of reasons and an airbnb can be far more economical for a lower income family than a motel room, ect. 

I think the most important thing is to understand your target customer and cater to them. 

Post: Guest throws 40+ person party in my 4 person AirBnB

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152
Originally posted by @Steve Morris:

So to prevent this in the future and help others, any flags you should've noticed on the application to catch these guys before you took their money?

 Not really to be honest. They were from my city which I didn't notice or I would have paid more attention. The guests downstairs were way too nice and waited far too long to call me. 

Post: Guest throws 40+ person party in my 4 person AirBnB

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

Hello! 

So I would like to start off by saying I am installing exterior cameras tomorrow . This is something I did not want to do but now realize I have no choice because people are ********. Yes - I should have had them before. That is not the point of this post. Story time. 

January 19th I get a booking for this past friday night. 1 night stay. Message says "Looking forward". Odd message. They are from my city (which i did not realize, my wife set up the code and is currently on another continent) regardless we have been getting 'staycations'. Not the first time. wont be the last. whatever. Person arrives at 4pm. 

11:30PM I get a call from the downstairs guests. Our place is a duplex / double that consists of two 2/1 units. The guests are possibly the nicest people of all time. They let me know that the upstairs guests are being loud. Can i ask them to quiet down a bit. I ask them "does it sound like there are more than 4 people in the unit?" the reply - "More than 40"   ---- can you repeat that? 4-0 like almost fifty? YES. Im in my car half asleep a minute later with the police on the line. 


I'm outside waiting for the police to arrive, this is a rager. groups walking in and out. Police arrive. We walk in, 25+ guests in my unit, at least half have a cigg or a joint in their hand. I'm taking photos cops are telling people to leave. They have a buffet set up with crab legs, chicken, all sorts of cakes, ect. It was absolutely INSANE. Luckily nothing was broken. Only some small items are missing (candlestick holders, stuff i think that they thought they brought with them). Light damage to some areas. I got EXTREMELY lucky that these ******** were in a weird way respectful. Makes no sense but yet it does. 


This morning (2 days later) I get a message on airbnb from the "event coordinator" of the party asking if i have her cake tray. LOL wtf. even more evidence of this party. 

On my listing I have fees of $1k for parties, 500 for smoking and 500 for illegal drug use. I have tons of photos of the party. Photos of damage. Photos of police breaking it up. Police report. Message from cake tray lady. 

What is the best way to lay out my case and receive as much in damages as possible? I know that at the end of the day its up to AirBnB but I have been looking all over the internet finding lots of "how to charge guests" posts, not many "I got X reimbursed" posts. As of right now I am thinking that I "charge the guest" for all of the infractions, the damages, missing items and the cleaning bill. They will deny then I get airbnb involved.  I already have a case open and it has been 'escalated' twice. 

Post: Looking for Feedback on My Next Move in Life

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152
Originally posted by @Steve Vaughan:

Not tethered to any job, can move anywhere, and you pick.... Cleveland.  Drops mic. 

When I do the same (pick anywhere, with an investor focus) I select no snow and ice, no hurricanes/tornadoes/storms, no earthquakes or flooding , stable geology/less foundation issues, low humidity,  no state income tax, reasonable property tax and not nut-so pro-tenant   So OH doesn't fit for weather.  

My first step would be to obtain an option c,d,e, etc.  Why Cleveland/Columbus or bust? Don't let "cash-flow' blind you. 

 Not everyone enjoys 1 season. Fall in cleveland is the BEST. 

Cleveland is affordable. Its fun. It is locally owned and operated. 

I love Cleveland because I HATE chains. Cleveland is lots of mom and pops joints all over the place. The barrier to entry for ANYTHING here is so much lower than other places I've lived.

Florida, hawaii, California? You can have em

Post: Looking for Feedback on My Next Move in Life

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

@Ari Hadar

Agreed. The gold rush is over. Thank God

Post: Looking for Feedback on My Next Move in Life

Kyle ParksPosted
  • Rental Property Investor
  • Lakewood, OH
  • Posts 116
  • Votes 152

@Remington Lyman

Funny you say that. I just was in cbus with the wife for a weekend. Feels like a watered down white washed version of Cleveland. I guess it all comes down to what people like. I like the grit.

With that said - for years people are beating the ohio drum. Investing in cle today will take far more finesse than it did a year+ ago.

Same in cbus?