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In this video, Matthieu guides viewers on creating a property management agreement using legaltemplates.net. He starts by clicking the link provided, navigating to the real estate forms section, and selecting the property management agreement. After choosing Texas as the state, he details the necessary steps: entering the owner's information, property manager details, and the property's full address. Matthieu emphasizes the importance of including responsibilities, compensation, and termination clauses in the agreement, mentioning not to overlook these critical components.