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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, selecting "real estate forms," and locating the property management agreement. After choosing Texas as the state, he proceeds to fill out the necessary details, including the owner's information, the property manager's details, and the full address of the property. Matthieu emphasizes the importance of defining key aspects such as responsibilities, compensation, and termination clauses. He notes that attention to these details is crucial in drafting an effective agreement.