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In this YouTube video tutorial, Mike the businessman emphasizes the importance of having a proper rental agreement when renting out vehicles. He highlights the significance of following processes and procedures, including creating rental car agreements prepared by a lawyer. Mike stresses that skipping this step can lead to legal issues and problems in the event of an incident. He shares his personal experience of spending over a thousand dollars on a lawyer to ensure his rental agreement was comprehensive. Failure to have a rental agreement in place can result in serious consequences for the rental business.
