My first question is when do they payout the rent?
When the lease expires. . . . Oops! It's actually when the card is rented but . . . see comments below
How can I see the payments, is there some kind of ledger?
You can see your payment history in "Balance History" in-game (The drop down when you click on the name of your account)
Also do I need to do anything else besides monitor the current going price
Not that I can think of off hand. You're using the check market rentals feature though right? To see which ones are "off" the most?
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Do you mean 'Rental History', I don't see a Balance one.
This right?
Not "balance history". "rental history" IN-GAME. i.e. go to the Splinterlands site not Peak'd. 😁
Click on your name top right and then on the drop down.
Check Rental Market = correct.
Posted Using LeoFinance Beta
Ah interesting, and yet confusing as it's in different places. It seems you actually get paid up front for the lease (minus the fee). I started renting around 9pm last night and I can see payments are added right away.
So what is to stop you from pulling a fast one and using 'Stop Renting' right after you get the booty?
The rental doesn't stop immediately, but after 24 hours. At that point, if you've stopped it but the renter paid for longer their "Money" will be returned to them.
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OK, now what if the renter leased 7 days and you cancel after 1 day. I would have been paid for 1 day, so the lease is terminated and the only repercussions are you don't get the further 6 days rent?
In effect we can throw them out with just 24 hours notice?
Are you still playing or renting out all your cards?
Correct
Yes. And they can do the same. So rent for 7 days, see a better deal, cancel the lease and get 6 days back.
I'm playing a bit and renting out a lot of cards but managing them is taking too much time. I need to find a better system. I also have an account that has a ton of L1 reward cards in it. Hoping that when lands comes out I'll be able to rent them out as well.
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A ton of L1's?, surely not a large pile of...