Buy to rent splinterlands series. Part 3.
The plan.
The plan is simple. Using my alt account I will rent out the full deck constantly. It takes up less time than trying to play the game. Using that rental income I will keep buying up cards multiple times a week. From this I will try to build a rental income of 10,000 DEC daily which is a living wage at these prices.
My starting point on the 01/11/21:
- Cards listed - 1863 DEC
- Cards rented - 1670 DEC
- Return on rentals - 37.08%
My current point is:
- Cards listed - 2039 DEC
- Cards rented - 1863 DEC
- Return on rentals - 39.33%
Going forward, I will keep adding to my collection. A few times a week I will be buying gold, epic, and beta cards for the rental market.
The higher my income gets. The better the purchases. There is no point in buying cheap or low CP cards as it takes too many that need to be tracked, organized and maintained. More expensive cards with a big demand and less work is the goal.
I will be doing this, every time that my DEC adds up enough to purchase a card that i want.
I am also using monstermarket.io for the purchases to get that extra 5% DEC rewards which add up over time and will allow for a few extra cards over the year.
Today's purchase.
I had not checked in for the past few days and my income had built up nicely to almost 8,000 DEC.
Djinn Biljka x 4
Chaos reward.
Legendary - Earth monster.
Price - $21 - $23.
Rental price - 5.3 DEC or 20.8 Total per day
Returns at 95%
Rental status.
This is my second big purchase of the week after buying four other legendaries for my last post. That is now 8 new legendaries this week alone with a return of 240 DEC per week. Over $2.50 or $130 for the year all things staying the same.
These will be slow steps to increase my daily income but every new card adds to the revenue and over time I will keep buying better and better cards with the higher income. This will create and exponential effect on my account growth as we keep going and by buying gold and legendary cards, they should gain in value when the print runs out.
I'm very happy with the week so far and will hope to do the same again next week.
Get playing Splinterlands here.
Posted Using LeoFinance Beta
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I’m currently exploring the rental market on Splinterlands and happy to be finally get involved with Splinterlands
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It's highly addictive once you get involved. There is a lot to learn but it's great fun playing the game and the markets.
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I’ve bought a few cards so far as I learn to play (still a Bronze III noob) but might want to figure out how to rent out for passive income at some point. Assuming that the popularity of the game grows even more, that could prove to be a lucrative long-term income stream.
The future looks good for the moment anyway. The new card packs are going to fly out. They have a couple of big guilds looking to come in as groups and the land will come on line after xmas.
All positive moves.
Renting is a great income and comfortable 30 - 40% APR. Especially the beta and gold cards that are now out of print. They will only get more valuable over time while they earn income.
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That is some nice income. Do you think that DEC will stay so high above the peg? There has been talk about how prices will start falling after the pre-sale ends.
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Great plan and I need to enter renting as well. How to establish the price for your cards that you put for rent: you need to set a fixed price or is there any demand to rent it right away?
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Doing it on peakmonsters gives you all of the info. You can see what the lowest cards being offered for rent are priced at. You can also see the highest offer to rent a card form a player.
Its up to you then whether you want to rent instantly for the highest offer from a renter or whether you want to set a better price and wait for a player to come along and pay what you ask.
I always set a reasonable price but happy to wait until a player comes along and matches my valuation. I have 90% rented at any given time.
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