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Fred Glick from Glick Watch discusses real estate management in his tutorial, emphasizing the importance of understanding the rental cycle. He breaks down the process into three main parts: showing the property, renting it out, and turning it over when someone moves. During the showing phase, it is essential to have a rental application, lease agreement, and move in/move out form. Additionally, applicants over the age of 18 must apply, provide valid ID, and undergo credit and background checks to comply with federal, state, and local laws.