Firstly, being nearby allows you to personally oversee the day-to-day operations and maintenance of the property. You can easily handle any issues that arise, ensure the property is well-maintained, and promptly address any guest concerns. Additionally, living nearby enables you to provide a more personalized experience for your guests by greeting them upon arrival, offering local recommendations, and being available to assist them during their stay.Furthermore, living nearby gives you the flexibility to respond quickly to any emergencies or issues that may arise during a guest's stay. Whether it's a broken appliance, a plumbing problem, or a noisy neighbor, being close by allows you to address these issues promptly and minimize any negative impact on your guests' experience.However, while living near your Airbnb property can provide these advantages, it is not always necessary for successful management. With the advancements in technology and the availability of property management companies, it is possible to effectively manage an Airbnb property from a distance.If you choose not to live near your Airbnb property, you can hire a local property manager or utilize a property management company to handle the day-to-day operations. They can handle tasks such as guest communication, cleaning and maintenance, and addressing any issues that may arise. This allows you to have a more hands-off approach and frees up your time for other commitments or investments.Choosing this route will result in having to pay property management fees. However, this expense may be worth it if it allows you to invest in properties in different locations without the constraint of needing to live nearby.