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In the video tutorial, Matthieu walks viewers through creating a property management agreement using legaltemplates.net. He begins by directing viewers to the website and navigating to the real estate forms section to locate the property management agreement. Matthieu selects Texas as the state and proceeds to fill out necessary information, including the property owner, property manager, and the property's address. He emphasizes the importance of sections detailing responsibilities, compensation, and termination terms. The tutorial highlights the significance of these steps in ensuring a comprehensive agreement.