Splinterlands: Passive Rental Income Update #5
As the prices of Splinterlands asset dropped, I have had less time to manage my rentals or play the game but I have still been accumulating more DEC for my rental strategy. It's been more than a month since my 4th update on my rental strategy. My rental income has dropped according to my season report card and I haven't been draining my dark energy capture rate as much either. So I haven't been making the most of my assets for my rental strategy. However, I am planning to start managing my rentals more now
Rental Progress
My original post, where I announced my strategy, shows my general motivation for doing choosing this strategy. DEC price has dropped down quite a bit since then but the prices of cards using DEC hasn't changed too much. So looking at things in fiat, it's not looking well but looking at the value in DEC, it's doing a decent job.
Purchases
As always, I used Monster Market to purchase my cards for the cashback. I used up the DEC I earned from ranked battles, rental income and rewards chest over the past month and a half. I ended up buying reward cards because they were still among the cheapest options available. Compared to my last purchase, Harlaw is about 250 DEC cheaper so the cost of these cards have gone down. I was conflicted about buying another Djinn Oshannus but I thought it wasn't a bad idea to lower my average DEC cost for this card.
One thing to note was that I considered buying some Chaos Legion Legendary cards but I decided against it. After all, I don't have any idea whether or not that ability would make the card have much demand and the APR is high right now because it's near the season end. So I am not sure how well it will do during the normal season.
Income
My income and all rental price management is done through Peak Monsters because of the tools it provides me. I couldn't change my prices because it near the season end so it doesn't seem like a great time to update my prices. I might be losing out on some DEC as people are renting them up at premium prices.
Above is my previous report's income and below is my current income.
My rental income is far higher than last time because most of my cards were rented out for the season end. I did list the cards I just bought for the rental market and some duplicate legendary cards that I got from the chaos legion airdrops. I still have a GFL that I am thinking of renting out as well and maybe just buying a level 1 version for myself to use instead.
Conclusion
Despite leaving my rental strategy on auto-pilot, I was collecting a few thousand DEC a season and I should manage it for more income. Instead of letting it sit in my inventory for longer, I decided it was finally time to start buying cards and letting it compound. What I mentioned in my previous update is still true because there is just way too much supply in the market. However this was bound to happen because of Chaos Legion but growth is still growth. I plan on checking the prices over the next few weeks to get a feel of how the APR is on the various chaos legion legendary cards so I am more prepared for my next purchase.
What are your plans regarding rentals in Splinterlands?
Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.
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Your rentals strategy is very nice and I think like to learn that strategy. Keep doing the good work
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Yea it's a good way to balance your income. I think the sweet point for collection power vs DEC is like Silver so I don't really plan on focusing on my own deck for now.
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Great progress J. Even though the rentals are off, it is a good source of passive income. Moreover you get the airdrop!
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Yea the SPS airdrop is an extra bonus. The good thing about buying these cards is that I can always combine them later if I need to level up the cards.
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Great update especially your candor of the value drop of DEC. I am still in the accumulation mode, but I do have my eyes on a Gold Foil Legendary, I think they have great value especially when card rentals are concerned.
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I think I will skip GFL on my rental strategy because I am not so sure on the demand for them. It just seems a little risky but I do think buying a level 1 version and trying out my rental luck might be better for me on my only GFL.
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I have also been thinking about buying a GFL or 2 not just for the Rental ops, but to also stabilize my Deck Power.
You could buy one but I have a feeling there are cheaper options for collection power. At least I think I would rather rent out my GFL and buy a level 1 or 2 normal one to use for myself. Then again, my collection power is at a level I am satisfied with.
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Not this account but my @chris.topher account is where I game. That is awesome you have attained such a great collection power. I am still trying to build up to Gold level.
I am a great fan of the rental market. My cards are mostly listed on the rental market. The price has decreased due to the bear market but it is cool to earn passive income daily.
Peace
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Well I don't think its the bear market for the most part but the excess demand caused by Chaos Legion. People can build up their own decks without costing themselves a good chunk of cash from before.
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It is a great time to strengthen our collection of cards.
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STOPCheck out the last post from @hivebuzz:
A 36% return is not bad at all. Nice to see you post this article on Listnerds. Of course one vote here and one vote there.
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The snapshot was like 12 hours before the season end so everyone was renting out cards for collection power. So I expect the income to come back down after a few days and then I can figure out the right prices.
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Thanks for using ListNerds to raise awareness to this post!
As for my strategy, I rent as well but don['t try to maximize the prices I'm putting the cards out for rent at...
My thinking is, if I just get the cards rented and keep my prices low, I' won't have to be so active on the management side of thing and changing prices all the time.
I'm not getting huge APR, but it hovers around 8-10% right now.
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Yea the high APR was due to the season end. Most of those prices aren't landing now that it's the start of the season. I think having a 10% or so is still great.
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I came by way of ListNerds to show some love to the awesome @jfang003 - whatever your strategies are, I'm sure there are folks soaking up the knowledge.
I let my HE-Index investment earn me whatever Splinterlands generates through it or something like that.
But with that said, I'm always trying to learn from folks when it comes to all this gaming stuff; so I'll make sure to check your progress along the way.
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Well it is more or less passive for the most part. It works well because you still have ownership of the cards and you can always play later if you want to. Overall, it does compound over time and I want to treat this as a source of income in the future.
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I have a few low cost cards I am renting out, I have been mostley getting cards to use in the game but when I get doubles I put them up for rent until I have enough cards to combined and level up.
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I think cards tend to have more value at level 1 so I tend to prefer to just rent them out. Right now, those cards are level 1 being rented out but I can always combine them later to build a level I need in the future. I think your strategy also works because you want a stronger deck to play with.
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I need to step up my rental game!
I think your doing quite well. My rental income tanked after the season ended but I think I'll wait till tomorrow to fix prices.
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Look at you Listnerding your way to Hive success.
Beats emailing out another list builder site. Good job.
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I never used the other list builder site but I think listnerds synergizes well with Hive blogs.
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I agree. Ultimately it will be a great feeder system.
There is so much potential with Listnerds to change the state of email marketing. You are right, when tied to Hive it works very well.
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Interesting game, yes I've known of many NFT games but this is the first time I've seen this one. You have a good heritage in the game mate, congratulations!
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Splinterlands is one of the biggest blockchain play to earn games and it's quite well known on Hive. So I think you will start to learn more about it so long as you are on Hive.
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I keep most my cards on the rental market, because earning around 16.868 DEC is still more than nothing. Nowadays I do not play Splinterlands, because it is not worth it in the lower leagues.
Good luck and have fun.
I am fine with my current deck so I plan on buying cards and renting them out for income. In the future if I do plan to move up in the ladder, I can just combine the cards. For now, I just plan on earning more DEC from my current collection so I can continue to earn more cards. It could also be a good source of passive income in the future.
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I like your strategy. I am going to give it a try. Thanks for the advice.
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It depends on what you want from the game. I am happy with my current deck for battling in Splinterlands and I think working on my rental income is better overall. You can give it a try with your duplicate cards to start and see if it works out for you.
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Got to !LUV rental income.
Currently I check every so often and readjust my rental prices to the lowest available amount. I remove some key cards the last days of the season and relist them on the last day. Some cards can easily fetch 3-5X their rental income on the last day when compared to first days of the season.
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@rentmoney(4/5) gave you LUV.
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You're invited! - LUV's 1st birthday celebration!
Yea I have noticed that as well but things have been busy already. So I haven't really had the time to go change all my prices yet. I have to make time around the last few days of the season and I hope peakmonsters allows me to label them part of my rental collection to make things easier.
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Impressive. !BEER
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BEER.I have one card that I rent out and truthfully I have been leaving it on autopilot as well. I am in Splinterlands very passively anyway. I may need to pay more attention to what my card is doing for me in rental income. I am going to pick up some CHAOS packs and just hold on to them for my next income strategy.
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There are plenty of ways to earn right now. As for packs, I know there will probably be price appreciation but during the SPS airdrop, you getting some extra bonuses SPS. So I think it's still a decent way to earn without using the rental income. I want to increase my collection of cards so rentals work out better for me.
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Hello and Thank you, @jfang003! It sure seems like there are plenty of ways to earn on Splinterlands alone. To say nothing of the rest of Hive and the dApps. We can all follow our own path. Have a great day! 😀
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