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In this tutorial, Stephen White emphasizes the importance of collecting the right information from tenant applicants while highlighting the need to use the correct rental application based on state regulations. For example, he notes that certain states, like New York, prohibit asking for a person's date of birth. He suggests using the California Realtors Association application in California and advises checking resources like RentPrep.com for appropriate applications. Key information to collect includes the applicant's name, date of birth, social security number, and current address, underscoring the significance of gathering essential details to screen tenants effectively.