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In this video, attorney and real estate investor Vitale Volpof explains the importance of requiring tenants to fill out a rental application. He discusses the necessary information that should be collected in the application process. Vitale introduces himself as an active participant in real estate and advises viewers to subscribe for more legal and financial insights. He emphasizes that the content provided is for educational and entertainment purposes only, and not intended as legal or financial advice. Viewers are encouraged to interact with the video by liking and commenting.