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Fred Glick from Glick Watch teaches real estate management in this tutorial. The rental cycle involves showing the property, renting it out, and turning it over once it's vacated. During the initial phase, you'll need a rental application, lease agreement, move in/move out form, and require everyone over 18 to apply. Be sure to obtain valid IDs and run credit/background checks. Compliance with federal, state, and local laws is crucial.