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In this video tutorial, Aaron from Time-Saving Templates explains how to track rental properties using an Excel worksheet. He introduces a specific template available at timesavingtemplates.com, known as the "System Landlords" template, which offers various versions for tracking five to thirty properties. Each rental property page allows users to input the property name for easy identification in the summary. Aaron emphasizes entering monthly income and expenses, including a date for each income entry, ensuring that standard monthly expenses can be assigned to the corresponding rental property.