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Fred Glick is here on Glick Watch to teach you how to do real estate management yourself. The rental cycle is divided into 3 parts - showing the property, renting it out, and turning it over when someone moves. During the first phase, you'll need a rental application, lease agreement, move in/move out form, and ensure that everyone over 18 applies. Get valid ID, run credit and background checks. Remember, there are federal, state, and local laws to consider.