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In this video tutorial, Aaron from Time-Saving Templates demonstrates how to track rental properties using an Excel worksheet. He introduces the "System Landlords Template" available at timesavingtemplates.com, which comes in various versions for different numbers of properties (5, 10, 15, 25, and 30). Each rental property's page includes space to input the property's name for easy identification in the summary. Users can enter consistent monthly expenses under standard expenses, and input specific income and expense details, including dates, for proper tracking. Aaron provides a few examples to clarify the process.