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Fred Glick from Glick Watch discusses real estate management, emphasizing the importance of properly managing the rental cycle. He highlights the three main parts of the cycle - showing the property, renting it out, and turning it over when someone moves. Glick emphasizes the need for rental application, lease agreement, move in/move out form, and conducting credit and background checks on applicants. Compliance with federal, state, and local laws is crucial in property management.