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In this video tutorial, Stephen White discusses essential information landlords should collect from tenant applicants on rental applications. He emphasizes the importance of using the correct application forms, as rules vary by state; for example, applicants in New York cannot be asked for their date of birth, while California prefers the California Realtors Association's application. Free resources can be found on RentPrep.com. Key information to collect includes the applicant's name, date of birth, social security number, and current address. Stephen highlights the significance of accurately gathering this information to ensure compliance with state regulations.