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Fred Glick from Glick Watch teaches viewers how to manage real estate themselves, emphasizing the importance of having a rental application, lease agreement, and move in/move out form. Conducting background and credit checks for individuals over 18 is crucial. Glick addresses common questions about lease writing, prorating rent, and showings. He breaks down the rental cycle into three main parts - property showcasing, renting, and turnover when someone moves out. Compliance with federal, state, and local laws is essential.