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Fred Glick from Glick Watch discusses real estate management in this video tutorial. He outlines the three main parts of the rental cycle - showing the property, having it rented, and turnover. During the showing phase, he emphasizes the need for a rental application, lease agreement, move in/move out form, and ensuring all adults over 18 apply for the property. Glick stresses the importance of obtaining valid IDs and conducting credit and background checks. Compliance with federal, state, and local laws is crucial in managing real estate effectively.