It's not news anymore: Times are really tough. If you want to avoid eviction and stay out of court, listen to what we experienced landlords say are the only things we want to hear when rent is due and you don't have the money.

Take a bunch of experienced landlords out for drinks away from the office and you'll soon hear tales that will curl (or uncurl) your hair. From loony tenants to total repair disasters, we've seen just about everything. Listen in as we share some of our inner gripes and observations.

Therefore, when comparing your property to others, take into account as many amenities as you can think of. Know the region very well. In some areas a pool is a necessity for an apartment complex. Snow removal may also be a necessity in some regions. Know what your tenants will expect for the rent they are asked to pay. By comparing your amenities to others%u2019 at the same time you compare rents, you should gain a good understanding of these expectation.

All said, it is now in your best interest to conduct an extensive investigation on the behavior of your applicant to establish their true status with regards to maintenance of a rented property. Furthermore, you need to state the extent of repair expected of the tenants and reduce everything to writing. A bad tenant can reduce the lifespan of your property considerably. So, be careful who rents your property.

When it comes to rental property, the key to profit is not found in appreciation or depreciation, but in cash flow. The income operating statement can tell you what you need to know about cash flow. This set of forms breaks down all the expenses and income associated with a property. It is a favourite tool of appraisers and professionals in the real estate business and should be a favourite of yours as well.

Once you cover these bases, the next step is to take a swing. Many an investor has been waylaid by the inability to make a decision. If you want make money in real estate, you will eventually have to make an offer. There is no way of getting around it. So do your research, make your plan, reduce your risk through knowledge and foresight, take a deep breath and dive in. The first offer is always the hardest. With each subsequent offer your fear should decrease as your knowledge increases, but you still have to take this first step.

Did you know that 9 out of 10 landlords are not properly screening tenants and leaving themselves open to risk. Find out the proper way to screen a tenant herein. It's not as complicated or expensive as you may think.

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After planning to move to a new place for rent, it%u2019s time to think of engaging any rental agent in the apartment search. The difficult step of moving with the help of any rental agent is to find a professional agent.