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In this video tutorial, Stephen White discusses essential information that landlords should collect from tenant applicants on rental applications. He emphasizes the importance of using the correct application form, noting that certain states, like New York, have specific rules—such as prohibiting the request for a date of birth. In California, it's suggested to use the California Realtors Association application. Landlords can find suitable applications on RentPrep.com. Key information that should be gathered includes the applicant's name, date of birth, social security number, and current address, emphasizing the necessity of adhering to state regulations when collecting this data.