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In this YouTube video tutorial, Mike the businessman emphasizes the importance of having a rental agreement in place when renting out vehicles. He highlights the risks of not having a legally binding agreement, stressing the significance of having one properly created by a lawyer. Mike shares that he paid over a thousand dollars for his rental agreement to ensure it covered all bases. He warns against skipping this step and rushing into renting out cars without a rental agreement, as it can lead to legal issues and other problems in the event of an incident.
