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In this video, Matthieu demonstrates how to create a property management agreement using legaltemplates.net. He begins by navigating to the website and selecting "real estate forms." Matthieu then finds the property management agreement template and selects Texas as the state. He proceeds to input details such as the property owner's name, the property manager's name (which can be the same person), and the full address of the property. Matthieu emphasizes the importance of filling out sections regarding responsibilities, compensation, and termination, ensuring viewers do not overlook these critical elements in the agreement creation process.