The Splinterlands rental market is one of the best ways to put your assets to work and give you passive income. It's been around 2 weeks since my 13th update on my rental strategy.
The rental markets look fine but some of the high APRs are not there anymore. As I didn't have much time, I rearranged my prices today so that they fit the current rates. Some of my rentals before were way too high compared to the current prices so it should help my cards get rented out more often. It's a bit unfortunate but some of the untamed cards that I had before still didn't have good DEC per CP so I rented out what I could for some extra income.
Rental Progress
My original post, where I announced my strategy, shows my general motivation for choosing this strategy. Like I said earlier, there are good and bad cards out for renting out right now.
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. As I stated last time, the DEC has increased a lot because of the chest rewards from the focus quest and the season-ranked rewards. The rental income is also looking quite nice as it tends to bring in over 1k DEC a day.
My choice of cards this week is a level 2 untamed summoner. I really wanted to buy some level 1 untamed summoners but prices have shot through the roof so I avoided it. So I opted for a level 2 summoner which doesn't give that much of a boost in DEC. However, it does have a decent APR and I think having more summoners is never a bad choice. Pyre was the one with the best value per BCX and I skipped Drake because the rental prices for that are bad.
Income
My income and all rental price management are done through Peak Monsters because of the tools it provides me. I do plan to update prices closer to the end of the season. It looks like prices are changing daily so I may have to go back and change prices every now and then to make sure they are rented out.
Above is my previous report's income and below is my current income.
DEC prices have gone down even further and I guess it's just the effects of the bear market. My income from rentals did decrease slightly from fixing prices. However, a maximum of 2k DEC per day is always a good thing. I am liking the new rewards system on the rental market but I just don't have enough untamed cards to make the most of the DEC per CP on the market.
Conclusion
Comparing the rental market to my last update, not much has changed. Some prices have stabilized and it's not as unreasonable. At least with the current prices, I think anyone can build a fairly decent deck if they are avoiding untamed. The new rewards system has come with its own ups and downs so I wonder what will happen when the changes about modern vs. wild will change in the rewards system.
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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Mate, it's so awesome to see you making so much DEC from the game. At over 1000 a day in passive income, I can only imagine how helpful that is for building a stack!
Tim
Yea. I love the rental system and how it helps to build a stack. Right now, the summoners look like great choices because they are always in demand.
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I'm doing the opposite at the moment, I only just purchased the card power to play in GOLD, and I'm thinking of buying the next 50,000 CP to move up to GOLD 2.
Here's my thinking: it doesn't matter what I buy, it's just card power. Then, rent whatever the daily focus is. Think this is my strategy going forward, and you're right - it's the summoners which will cost the big rental fees at those lofty levels.
Yea. It does depend and if you need CP, then that is fine. I just like summoners because they will always be useful and there are fewer of them available.
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I don't understand how the current report income works, infact it's one of the biggest confusion of mine till date. I think 1k DEC per day is great. I think everything is overly affected by the huge dip we're facing.
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It is highly dependent on the cards you have. Most of the reward cards kind of suck when you check their rental price. However, untamed cards are quite good and I am able to take advantage of people who just want level 1 cards.
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nice work. I have just spent too much renting cards higher than I can use!. doh!
I think it depends. If you skip the untamed cards, I think it should be relatively cheap to get a chaos legion deck for use. The untamed prices are just too crazy.
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Silly question, but what does untamed mean?
It's just the type of cards. The current set of cards for sale is chaos legion and the previous one was untamed.
Posted Using LeoFinance Beta
Thanks! Understand. I've picked up some low hanging Chaos Legion cards. I will keep trying to find some good combinations.
nice strategy, I see most of your cards rented out are untamed edition. That's definitely a wise choice to rent them out since the demand of untamed starter cards is huge for bots. Wish I have had join this game before untamed. Unluckily, I join this game and community in Nov last year which is after the untamed and I just missed a golden chance. Cheers mate~
!PIZZA
Yea. I joined in during untamed and spent about $1,000 to get around 500 packs. I did open some of them and it's proving to be a decent return. It's possible Chaos Legion might do something similar in a year or two when things are sold out.
Posted Using LeoFinance Beta
Keep in mind that the overall supply of CL packs are 10x more than the untamed one. The assumption behind is that the player base will increase in the future like what we did in the past. Then the overall demand will be increased and therefore the value of the cards.
Yes, that is true but it can still go up in price when it is out of print. I just don't think prices will stay low forever.
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new active players = momentum of price
With the power you have, it makes sense if you choose to rent out the monsters you have, I'm sure you're also battling to get rewards and replay them in renting.
If I had more power and monsters, I would definitely do the same.
Posted Using LeoFinance Beta
I am only renting out the duplicates and I keep the rest for my own use. Currently, I am happy enough with 200k CP for a maximum rank of Gold I for the season and any extra CP I get is for rentals.
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I guess , I have too much early advantage, I almost have 40 Level 1 creeping Ooze and might be nice amount of furious chickens and lot of Generation 1 rewards cards that really boost my rental income.
May be Pyre is going high in rentals but I will not recommend buying Pyre because I feel it's utility is less then Tarsa and Tarsa is cheap too.
I guess , best is not to focus on today rental but buying some great card that will really appreciate with time.
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Wow, that is a lot of first-generation cards. I choose Pyre because it was like $3 per BCX compared to the $5 per BCX on other summoners. It just seemed like the best deal and I think having more speed is always nice.
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I need to review my rental prices also, as my rates are probably to high. Thanks for the reminder and good luck renting your newly priced monsters.
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It's always good to review them every once in a while. I tend to make a post every 2 weeks so that tends to be the frequency I check. However, you can probably earn more if you check more often.
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Yes, it’s tough to do it frequently. I think if this software checks daily, it could be the advantage people seek.
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I actually owe you a tip, as I have gained so much from you. Gold reward cards rent well.
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Nice income from rentals, congrats!
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