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In this video tutorial, Mike the Businessman discusses the importance of having a proper rental car agreement in place when renting vehicles. He emphasizes that many individuals, including his mentees, often overlook this critical step in their excitement to start renting. Mike shares that he invested over a thousand dollars to have a lawyer create a comprehensive rental agreement that covers all necessary legal bases. He warns that failing to have a solid rental agreement can lead to serious consequences, both legally and in the event of incidents. He stresses the importance of following proper processes and procedures in the rental business to protect oneself and ensure a professional operation.
