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In this video tutorial, Erics from Aunty Pro Donnell discusses a feature in Free Realize Automation 7 with Realize Orchestrator. He shows how to create custom properties on virtual machines, which can be used to change settings or add information like CMDB numbers. These properties can be overridden by higher objects but remain active as long as the machine is. To influence the value of a custom property, the Property Dictionary can be used.