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Fred Glick discusses real estate management on Glick Watch, emphasizing the importance of handling the rental cycle in three main parts: showing the property, renting it out, and turning it over after a tenant moves. Key documents to have during the rental application phase include a lease agreement, move in/move out form, and rental application. It is crucial to ensure that all adults over 18 apply for the property, provide valid ID, and undergo credit and background checks to comply with federal, state, and local laws.