Find real estate investment trusts that tickle your fancy

You're more likely to maintain your interest in REIT funds if they cover something of interest to you. Whether you're interested in global real estate investments to dabble in the international marketplace or you're ready to become a U.S. commercial real estate mogul, there are listings of real estate investment trusts that will help find the REIT for you.

I recommend: Yahoo’s listing of real estate investment trust companies is considered to be one of the more diverse available, as it contains REITs of all shapes and sizes. The National Association of Real Estate Investment Trusts offers a search engine of its member REITs that allows you to be as specific in your search as you wish.

Invest in REITs with management teams you know and trust

When you invest in a REIT, you are placing your money in the hands of the management of that fund. It's therefore imperative that you trust the management team behind the Real Estate Investment Trusts. You need to feel comfortable with the direction in which they're taking the group. If you don't know the management team personally, ask for references and do your research before you put down a dime.

I recommend: Cohen & Steers has an impeccable reputation in REIT circles for managing funds. LaSalle Investment Management is another REIT management firm that works both domestically and internationally.

Pursue short- or long-term goals with REIT investments

REIT companies are typically part of your portfolio if you're looking for long-term diversification. After all, their average annual yield of 8% beats many fund and bond averages. However, if you're looking at REIT investments for a quick buck, this is also possible with some funds. So make sure your chosen REITs match your portfolio goals.

I recommend: The National Association of Real Estate Investment Trusts offers a library of REIT data, including performance and index data. Forbes also graded REIT funds to try to find the best of the best.