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In this video, Stephen White discusses essential information landlords need to collect from tenant applicants. He emphasizes the importance of using the correct rental application, as specific states have unique regulations—like New York, where asking for a date of birth is prohibited, and California, where the California Realtors Association application is recommended. Landlords can also access applications on RentPrep.com. Key information to gather from applicants includes their name, date of birth, social security number, and current address. White stresses that collecting accurate details is crucial for the application process.