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Fred Glick from Glick Watch is teaching viewers about real estate management, focusing on the rental cycle's three main parts: showing the property, renting it out, and turnover. During the showing phase, important documents such as a rental application, lease agreement, and move in/move out form are necessary. It is crucial for everyone over 18 living in the property to apply, provide valid ID, and undergo credit and background checks. Compliance with federal, state, and local laws is essential.