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Fred Glick of Glick Watch discusses real estate management in his tutorial. He emphasizes the importance of completing the rental cycle which includes showing the property, renting it out, and turning it over when someone moves. In the initial phase, necessary documents like a rental application, lease agreement, and move in/move out form should be collected from all individuals over 18 years old. It's crucial to run credit and background checks on all applicants to comply with federal, state, and local laws.