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In this video, Stephen White discusses the essential information landlords should collect from tenant applicants on rental applications. He emphasizes the importance of using the correct application suited to specific state laws, such as not asking for a date of birth in New York and using the California Realtors Association application in California. Landlords can find suitable applications on RentPrep.com. Key information to gather includes the applicant's name, date of birth, social security number, and current address. White highlights the significance of obtaining accurate social security details to ensure proper tenant screening.