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Fred Glick from Glick Watch is teaching viewers how to manage real estate themselves. He discusses the three main parts of the rental cycle: showing the property, having it rented, and turning it over when someone moves. During the initial phase, you'll need a rental application, lease agreement, move in/move out form, and IDs for all adults. It's crucial to run credit and background checks on applicants to comply with federal, state, and local laws.