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In this video tutorial, Stephen White emphasizes the importance of collecting the right information from tenant applicants. He highlights that landlords must use appropriate rental applications tailored to their state’s regulations, noting that New York prohibits requesting a date of birth and recommending the California Realtors Association application for California landlords. Resources are available on RentPrep.com. Critical information to collect includes the applicant's name, date of birth, social security number, and address. White stresses the significance of obtaining this information correctly to ensure compliance with legal requirements.