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Fred Glick from Glick Watch discusses real estate management in this tutorial. He emphasizes the importance of understanding the rental cycle, which consists of showing the property, renting it, and turning it over. During the first phase, necessary documents include a rental application, lease agreement, and move in/move out form. It is crucial to have all adults over 18 apply and undergo a credit and background check. Complying with federal, state, and local laws is essential.