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Fred Glick discusses real estate management on Glick Watch, emphasizing the importance of understanding the rental cycle. He explains that the cycle involves showing the property, renting it out, and turning it over between tenants. During the showing phase, essential documents include a rental application, lease agreement, and move in/move out form. It is crucial to have everyone over 18 years old apply, provide valid identification, and conduct credit and background checks. Complying with federal, state, and local laws is necessary.