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Fred Glick from Glick Watch discusses real estate management in this tutorial. The rental cycle is broken into three main parts: showing the property, renting it out, and turning it over when someone moves out. During the first phase, you need a rental application, lease agreement, move in/move out form, and IDs for everyone over 18 living in the property. Conduct credit and background checks on all applicants to ensure compliance with federal, state, and local laws.