🏦 Sign up for #Baselane today and get a $100 bonus when you fund an account #bankingwithbaselane: https://www.baselane.com/robuilt Most new real estate investors lose thousands of dollars simply because they don’t understand taxes. In this video, I sit down with CPA Matt Bontrager (my personal accountant) to break down the biggest tax mistakes beginners make, and how to avoid them. We cover everything from setting up bank accounts and credit cards, to LLC myths, bookkeeping systems, and the right way to track expenses. Then we dive into the powerful tax strategies that can actually save you tens (or even hundreds) of thousands of dollars, like depreciation and cost segregation. If you own an Airbnb or rental property, or are about to buy your first one, this video is the ultimate beginner-friendly guide to real estate taxes. 🇺🇸 Book a free tax strategy consult with TrueBooks: http://www.truebookscpa.com/robuilt 🤝 Work one-on-one with me: https://bit.ly/workingwithrobuilt 🎓 Join my Host Camp Community for only $1: https://bit.ly/scout_trial_rob 📊 Download My Free Airbnb Calculator: https://bit.ly/ytcalculator 🏡 Sign Up for Airbnb to Get My Listing Feedback: https://airbnb.com/r/robuilt 🛋️ Let Me Design Your Airbnb: https://bit.ly/robuiltfunkit 🤖 Let Me Manage Your Airbnb: https://bit.ly/cocasa 🛒 Download My Airbnb Shopping List: https://bit.ly/ytshoppinglist 📍 Download My Free Market Guide: https://bit.ly/ytmarketguide 🇺🇸 Download my STR tax loophole guide: https://bit.ly/yt7rules 💸 Get a cost seg report for your property: https://strcostseg.com/ Disclaimer: The information in this video is for educational and entertainment purposes only and does not constitute financial, legal, or professional advice. Always consult a qualified professional for advice tailored to your specific situation. Some links in this description may be affiliate links, meaning I may earn a commission at no extra cost to you if you make a purchase through them. Thank you for supporting the channel!