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In this video, real estate attorney and investor Vitale Volpof discusses the importance of requiring tenants to fill out a rental application. He explains the benefits of using a rental application and outlines the specific information landlords should collect from potential tenants. Volpof also emphasizes the legal and financial concepts relevant to real estate investing and personal finance, inviting viewers to subscribe for more content and reminding them that the information provided is for educational and entertainment purposes only, not as legal or financial advice.