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In this tutorial, Stephen White emphasizes the importance of collecting the right information from tenant applicants while adhering to state-specific rules regarding rental applications. He highlights that landlords must use the correct application form, noting variations such as in New York, where asking for a date of birth is prohibited, and the recommendation to use the California Realtors Association application in California. He stresses the need to gather essential information, including the applicant's name, date of birth, social security number, and current address. Stephen also mentions that free application resources are available on RentPrep.com, encouraging landlords to familiarize themselves with state regulations.