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Fred Glick from Glick Watch discusses real estate management in a tutorial, emphasizing the importance of proper documentation and screening tenants. Three main parts of the rental cycle are highlighted: showing the property, having it rented, and turning it over when someone moves out. Essential documents include a rental application, lease agreement, and move in/move out form. It is crucial to ensure that all adults over 18 living in the property apply, provide valid ID, and undergo credit and background checks to comply with federal, state, and local laws.