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Fred Glick from Glick Watch discusses real estate management on his show. He explains that the rental cycle is made up of three main parts: showing the property, renting it out, and turning it over when a tenant moves. During the showing phase, you need a rental application, lease agreement, and move in/move out form. Everyone over 18 living in the property must apply and undergo credit and background checks. It is important to follow federal, state, and local laws.