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Fred Glick discusses real estate management in this Glick Watch episode, emphasizing the importance of understanding the rental cycle in three main parts: showing the property, renting it, and turning it over when someone moves. He highlights the necessity of having a rental application, lease agreement, move-in/move-out form, and running credit and background checks on all applicants over 18. Glick stresses the importance of compliance with federal, state, and local laws in managing rental properties effectively.