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In this video, Matthieu explains how to create a property management agreement using legaltemplates.net. He starts by guiding viewers to click the provided link, navigate to "real estate forms," and find the property management agreement. After selecting Texas as the state, he demonstrates entering details such as the property owner and manager's information, property address, and relevant city and tax information. Matthieu emphasizes the importance of filling out critical sections, including responsibilities, compensations, and termination clauses, to ensure the agreement is comprehensive. He encourages viewers to pay careful attention to these steps.