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Fred Glick discusses the process of real estate management on Glick Watch, emphasizing the importance of understanding the rental cycle. He explains that the cycle is divided into three main parts: showing the property, renting it out, and turning it over after a tenant moves out. During the showing phase, Fred explains the importance of having a rental application, lease agreement, and move in/move out form. He stresses the need to have all adults over 18 living in the property apply and undergo a credit and background check. Additionally, Fred mentions the importance of following federal, state, and local laws in real estate management.