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Fred Glick from Glick Watch breaks down the process of real estate management in three main parts: showing the property, renting it out, and turning it over between tenants. During the showing phase, it is important to have essential documents such as a rental application, lease agreement, and move in/move out form. All adults intending to live in the property should apply, provide valid ID, and undergo a credit and background check to comply with federal, state, and local laws.