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Fred Glick from Glick Watch is teaching viewers how to manage real estate themselves. He emphasizes the importance of having a rental application, lease agreement, and move in/move out form during the rental cycle, which consists of showing the property, renting it out, and turnover. It is crucial to have all adults over 18 apply for the property, provide valid ID, and conduct credit and background checks. Glick highlights the necessity of abiding by federal, state, and local laws in real estate management.