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In this tutorial, Matthieu explains how to create a property management agreement using legaltemplates.net. He guides viewers to access the website, navigate to real estate forms, and select the property management agreement. Matthieu chooses Texas as the state and proceeds to fill in the required information, including the owner's name, property manager details, and the property's address. He highlights the importance of specifying responsibilities, compensations, and termination conditions within the agreement. Viewers are encouraged to pay attention to these critical components while drafting the document.