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Matt Leighton discusses seven common rental application mistakes to avoid, particularly when applying for condos, townhouses, or houses owned by private owners. He emphasizes that negotiating rent should occur after submitting an application, not before. Many inquire about flexibility on rent without first visiting the property or submitting their application, which can be unproductive. Leighton encourages applicants to focus on their application quality before negotiations and suggests that discussing financial terms is most effective once the application is in process. Overall, the video aims to guide viewers in improving their rental application approach.