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Stephen White discusses the essential information landlords should collect from tenant applicants. He emphasizes the importance of using the correct rental application, as specific states have unique rules; for instance, New York prohibits asking for a person's date of birth, while California recommends the California Realtors Association application. Landlords can find appropriate applications on RentPrep.com. Key information to collect includes the applicant's name, date of birth, social security number, and current address. White underscores the need to comply with state-specific regulations while gathering this critical tenant information.