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Fred Glick discusses real estate management on Glick Watch, emphasizing the importance of handling rental properties independently. The rental cycle consists of showing the property, renting it out, and turning it over when tenants move out. Necessary documents include a rental application, lease agreement, and move in/move out form. All adults intending to live in the property must apply and undergo credit and background checks. Compliance with federal, state, and local laws is crucial in property management.