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In this video, Stephen White discusses essential information landlords should collect from tenant applicants. He emphasizes the importance of using the correct rental application, noting that specific states have unique regulations—like New York, where asking for a date of birth is prohibited, and California, which recommends using the California Realtors Association application. Resources are available on RentPrep.com. Key information to collect includes the applicant's name, date of birth, social security number, and current address. This foundational data is crucial for processing rental applications effectively while complying with state laws.