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Fred Glick on Glick Watch discusses real estate management, emphasizing the importance of proper documentation in the rental process. He highlights the three main parts of the rental cycle - showing the property, renting it out, and turnover. During the initial phase, it is crucial to have a rental application, lease agreement, move in/move out form, and ensure every adult living in the property applies. Conducting background checks and following federal, state, and local laws is key.