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Fred Glick discusses real estate management on Glick Watch, emphasizing the importance of understanding the rental cycle. He mentions the 3 main parts - showing the property, renting it out, and turnover. During the showing phase, required documents include a rental application, lease agreement, and move in/out form. All adults intending to live in the property must apply, provide ID, and undergo credit/background checks to comply with federal, state, and local laws.