Should We Sell Management Portfolio

[Chris G.]

We have technically two management companies for two separate county's in the area. They're both ran out of the same office. County 1 portfolio is about 3x the size and owners call us to get management since there isn't much competition in the area making new properties usually easy to get. A majority of the properties are SFH in this portfolio too. For county 2 portfolio getting owner leads is a lot more time consuming since there's way more competition there, usually we're the ones making follow up calls and being a sales person to try and get more properties, making it difficult to grow the portfolio. A majority of the rentals are shared housing for students and condos which ends up being alot more work than SFH. County 2 also is now requiring rental permits and certain "energy efficient requirements" for rentals.

Our idea would be to sell the county 2 portfolio off to another management company or individual and solely focus on county 1 portfolio to grow even more. Both are profitable at the moment. Or even ideas to keep both but make it worth the time.  Any thoughts or ideas would be helpful.