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Fred Glick of Glick Watch discusses real estate management in this tutorial. He emphasizes the importance of understanding the rental cycle, which consists of showing the property, renting it out, and turning it over when someone moves. He highlights the necessary documents during the first phase, such as rental applications, lease agreements, and move in/move out forms. Glick advises getting valid IDs and running credit and background checks on all applicants over 18. Compliance with federal, state, and local laws is crucial in real estate management.