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In today's video tutorial, Mike the businessman emphasizes the importance of having a proper rental agreement in place when renting out vehicles. He highlights that many people overlook this crucial step and fail to follow processes and procedures. Mike stresses the significance of having a rental car agreement created by a lawyer to ensure all bases are covered. He cautions against skipping this step as it can lead to legal issues and problems in the event of an incident. Mike advises viewers to invest in a proper rental agreement to protect themselves and their business.