How much does my dad earn roughly?

Question

My dad won't tell me his income but I'm just curious as to what he makes so I'll give you what I do know and maybe someone will have an idea:

He is in business and owns a self storage company that has about 1300 units that rent at an avg. of 100.00 a month and I have read his financial reports that say his company brings in on avg. 150 000 a month. He has 4 employees that probly make on avg. 3000 a month. About 1/2 the units are heated. The business is located in Edmonton, Alberta Canada. So with taxes and other deductions how much do you think he can pocket a year if each month the company brings in raw 150 thousand?

Answer 1

Although you can do the math, your dad probably has a lot more bills to pay, like electriciy, plumbing, fire/water/flood/tornado insurances, etc.  LIkely, like all other storage unit facilities, there's a lot of deadbeats who don't pay their monthly storage bill so that's lost of income.

How much your dad makes is none of your concern.  If wants you to know, he would've told you by now.  What's it to you?  Is he asking you for a loan?

You don't see the whole picture.  Use your time to make something out of yourself and make your own money instead of looking at someone else's.

Answer 2

Including all of his expenses and employees I would say is at 20% to 30% of his gross. So net I would say 30-50k per month before income taxes.