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In this tutorial, Aaron from Time-Saving Templates demonstrates how to track rental properties using an Excel worksheet. He offers a template that caters to different needs, with versions available for landlords with 5, 10, 15, 25, or 30 properties. Each property has its own dedicated page where users can enter the property's name for easy reference in summaries. The template allows for tracking both income and expenses. Monthly expenses can be assigned to specific properties for clearer organization. The tutorial emphasizes entering date and income details accurately to maintain effective tracking of rental property finances.