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Stephen White discusses essential information landlords should collect from tenant applicants. He emphasizes the importance of using the correct rental application, noting that different states have varying rules; for instance, New York prohibits asking for a date of birth. In California, it's recommended to use the California Realtors Association application. Landlords can also find applications on RentPrep.com. Key information to collect includes the applicant's name, date of birth, social security number, and current address. He highlights that understanding local laws is crucial for an effective rental application process.