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Fred Glick from Glick Watch will teach you how to do real estate management yourself. The rental cycle is divided into 3 main parts: showing the property, renting it out, and turning it over. During the showing phase, you'll need a rental application, lease agreement, move in/move out form, and everyone over 18 must apply. Make sure to obtain valid ID, run credit and background checks, and comply with federal, state, and local laws.