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Aaron from Time-Saving Templates demonstrates how to track rental properties using an Excel worksheet. He offers a template available at timesavingtemplates.com, designed for landlords with various versions supporting up to 30 properties. Each property has its own page where users can input the rental property's name for summary references. The template allows users to record both income and standard monthly expenses associated with each rental property. Aaron emphasizes the importance of entering date and amounts for accurate tracking. He provides examples to guide users through the process of managing their rental income and expenses effectively.