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In the tutorial, Matthieu guides viewers on creating a property management agreement using legaltemplates.net. He directs to the website, selects the real estate forms section, and finds the property management agreement. After selecting a state (Texas in this case), he fills in details like the owner and property manager's information, property address, access dates, responsibilities, compensations, and termination details. It is crucial not to overlook these steps when creating the agreement.