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In this video, Stephen White discusses essential information landlords should collect from tenant applicants. He emphasizes the importance of using the correct rental application, as certain states have specific regulations; for instance, New York prohibits asking for a date of birth, while California recommends the California Realtors Association application. He advises landlords to gather key details from applicants, including their name, date of birth, social security number, and current address. Additionally, he notes that resources for rental applications can be found at RentPrep.com to ensure compliance with local laws.