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In this Glick Watch tutorial, Fred Glick discusses real estate management and the rental cycle in 3 main parts: showing the property, renting it, and turning it over. During the showing phase, essentials include a rental application, lease agreement, and move in/move out form, with all adults over 18 applying. Valid ID, credit, and background checks are necessary. Compliance with federal, state, and local laws is crucial in real estate management.