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Fred Glick from Glick Watch discusses real estate management and the importance of having proper documentation such as a rental application, lease agreement, and move in/move out form. He emphasizes the need to ensure all adults over 18 living in the property apply, provide ID, and undergo a credit and background check. Glick highlights the three main parts of the rental cycle: showing the property, renting it out, and turnover when someone moves. It is crucial to follow federal, state, and local laws throughout the process.