Aiming for particular tenants & fair housing laws
My Wife and I have a couple SFR's in a part of an Indiana town that is perfect to rent to college students. We enjoy renting to college students and, knock on wood, have had good luck with them. We have actually come to prefer renting to college students. We do not want to break any fair housing laws by passing a family up to sign with college students.
We currently advertise the properties on Craigslist and state that it's perfect for students and its proximity to the college. We still get a mix of applications, so here is my question. In order to narrow in on our target market, we were thinking long term of starting our management company early. Our management company would specialize in finding housing for college students. We would then advertise the management company that specializes in helping students, and not the properties. We are still a long ways out from doing the management company, as our focus needs to remain on growing our portfolio in order to accomplish our first set of goals. I am merely doing homework in preparation. Are there any legal issues that may arise from this? Thanks everyone!