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In this video, Matthieu demonstrates how to create a property management agreement using legaltemplates.net. He guides viewers to click on the provided link, navigate to the real estate forms section, and find the property management agreement. After selecting Texas as the state, he outlines the process of completing the document, including entering details such as the property owner, property manager, and the full address. Matthieu emphasizes the importance of specific sections like responsibilities, compensations, and termination options to ensure a comprehensive agreement.