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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," then locates the property management agreement option. After choosing Texas as the state for the document, he proceeds to input details such as the owner's name and property manager's information, which can be the same person. Matthieu emphasizes the importance of entering the full property address and specific terms, including responsibilities, compensation, and termination clauses within the agreement. He highlights the need to pay attention to these critical sections to ensure a comprehensive contract.