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In this tutorial, Aaron demonstrates how to track rental properties using an Excel template available at Time-Saving Templates. The system offers various versions tailored for different numbers of properties, ranging from five to thirty. Each rental property has its own page where landlords can input the property's name for easy identification in summaries. Users can list their standard monthly expenses and assign them to the respective rental properties. Aaron walks through examples of entering income and expense details, emphasizing the importance of recording dates for income entries.