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In this video, Stephen White discusses the essential information landlords should collect from tenant applicants during the rental application process. He emphasizes the importance of using the correct application form, highlighting that certain states, like New York, have specific rules, such as not allowing inquiries about date of birth. In California, he recommends using the California Realtors Association application. Key information to gather from applicants includes name, date of birth, social security number, and current address. White also underscores the importance of selecting the right application tailored to state regulations. Additional resources are available on RentPrep.com.