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Fred Glick from Glick Watch teaches real estate management in this video. He discusses the rental cycle, which is broken into three main parts - showing the property, renting it out, and turning it over when someone moves. During the showing phase, you need a rental application, lease agreement, move in/out form, and each adult living in the property must apply. You should also run credit and background checks on applicants to comply with federal, state, and local laws.