Reviewing the performance of SplinterRents over the past month
It's been a while since the last time I checked up on my rental income and I can only say that it is not that great. I am still using the same SplinterRents rental bot as last time but the outcome is worst than last time. It just seems like the prices are on the downtrend as even the fiat value of my collection has dropped tremendously. In the end, I think it's just the normal process of the bear market playing out.
SplinterRents
The rental bot service that I use is called SplinterRents and it is a discord based rental service. By delegating out posting authority to the account, they can put up my cards up for rent and even change prices for those cards without requiring my actual posting key. If you are interested in using this rental bot service, you can visit my tutorial on how to do so. The only downside is that it is all text based so it might take some time to get use to it.
Status
As you can see, above, my current service has earned nearly 48,000 DEC since my last post about SplinterRents. It's been around 26 days since then so the average income per day was about 1.8k DEC per day. Considering what I was getting before, I think that income is still quite good.
Above is the collection value of my account but it has gone down despite opening a ton of cards two weeks ago in this post. The APR that I am getting is also down and I have seen other posts around LeoFinance mentioning how the rental income is dropping. I still have faith that Splinterlands will do well though so I plan on re-investing those funds into cards to either improve my deck or my rental income.
Reviewing the performance of SplinterRents
As I thought, the beginning of the season is horrible for SplinterRents. Above is the results of the rental bot near the start of the season for the previous 2 seasons. They are quite bad and this season was horrible. I think it's caused by the bot trying to perform well and not listing the prices low. By doing so, the cards are not even rented out properly around this time, and the prices for rentals go down. When I compare how they do towards the middle or end of the season, there isn't much of a difference despite the collection value going down.
Conclusion
I am still a bit disappointed at how SplinterRents fares at the start of the season, but I still think it has improved my rental income compared to when I didn't use the bot. We are still in a bear market so I am not surprised to see the rental prices go down and it makes me wonder whether or not renting cards from people would be worth it. At least from what I see, I think it might be worth it but I have yet to test it.
Please feel free to leave a comment if you have any questions or feedback.
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Your rental income is impressive though you have build your CP which currently just over 460k. I am seating at 199 at the moment. When I looked at my cards in the rental market I decided its better I do it myself since they are not that much, I doubt in my rental cards are over 60k CP.
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It's a slow process but it's earning me something at least. A lot of them tend to be untamed cards but there are slowly some CL cards added to that stack.
!CTP
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Agree that in a bear its hard to keep cards rented. but i am picking up some bargains I hope to keep rented next bull.
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If you don't plan to use the card, then renting it out is the best option. You might as well earn something and I am sure prices will recover during the next bull market.
!CTP
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Yay! 🤗
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Your rentals is doing amazing well
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Thanks. The collection that I have is doing quite well and I haven't sold many cards yet either.
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I have been thinking about trying this service, is it a pain to get it going?
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I was looking at your post about it and it looks like excluding cards is the pain, right?
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Yes, the excluding cards part is a pain. A work around is to move your cards to a different hive account so that you don't have to exclude anything. Otherwise, it's trial and error until you get the exclusions right.
!CTP
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I got it going thanks to your other post about it, I put in your code and hope it gets you some dec. Total Value (filterable): $ 15,758.55 using List Prices. I'm going to spend my new spare time playing and helping promote psyberx.
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Thank you. Any card that you aren't using should be earning you something so I think it's a good thing overall.
!PIZZA
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I just rented them all out, kinda sick of playing for now. I will revisit this when lands are useable. Not bad, so far about 5,000 dec per day.
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Start of the season is always rough. Feels like something should be done to keep it more even but then again a season is only about 2 weeks long.
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Yea. The bots are trying to maximize profits and I don't think that works out well at the start of a season.
!CTP
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Interesting I haven’t checked my rentals in a while. I will read your tutorial about this bot. Thanks
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Rental prices have gone down a bit along with the rest of the market but I like the bot because I don't have to pay attention to the prices anymore.
!CTP
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Thanks for sharing! - @alokkumar121
rental is a good option to go for if we have no time to play.