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In this tutorial, Aaron from Time-Saving Templates explains how to track rental properties using an Excel worksheet. He showcases a template available at timesavingtemplates.com, offering several versions based on the number of properties (from five to thirty). Each rental property has its own page where landlords can input the property name, which is reflected in a summary. Users are instructed to enter income details, including date, and assign consistent monthly expenses to the relevant property. The template is designed for ease of use, helping landlords effectively monitor their rental income and expenses.