The rental market has been booming and I have been earning quite a bit of DEC. It still requires a bit of work to manage the rentals but it does generate an income passively. It's been around 2 weeks since my 7th update on my rental strategy. Since I have been busy at work lately, I expect my rental income this season to be lower. Last season, the rental market has been booming but the price of DEC has started to drop so the costs for cards have also been starting to go up. I was also able to open my first gladius pack so my collection power is going up and I should be able to rent out more cards for income.
Rental Progress
My original post, where I announced my strategy, shows my general motivation for doing choosing this strategy. The DEC price is still dropping and I expect it to drop back down towards the soft peg price. One of the biggest benefits of this rental strategy is that I am still collecting points toward the SPS airdrop.
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 am paying in DEC, the prices are more expensive compared to last time. If I have to consider things, it looks like reward cards are about 20% more expensive and I expect them to get more expensive as the DEC price falls. So I am wondering if I should use my entire backup supply of DEC to buy up some cheap cards now.
My choice of cards this week is some gold foil rare cards. Lately, I have only been buying legendary cards and it seems like a great time to buy up some gold foil rare cards. If I ever want a max level card, I can always go here to combine them together and I don't have much gold foil rares outside of Wavesmith. The price they rent out for is about the same as a normal legendary so I don't see much lost by doing so.
Income
My income and all rental price management are done through Peak Monsters because of the tools it provides me. The past few rental seasons have been looking great and even the current system is looking quite nice. I do plan to update prices closer to the end of the season.
Above is my previous report's income and below is my current income.
Overall, it looks like my maximum possible income is about the same but the APR is dropping. As the cards go up in DEC price, it also takes more DEC to make back its cost. Overall, I am still happy because my cards have appreciated in DEC value but it does hurt that my fiat value has dropped. I am gaining hundreds of DEC per day and I will continue stacking more cards. I don't really plan on leveling up these cards so I can make the most of the rental income.
Conclusion
As the price of DEC drops, the DEC value of my cards is increasing so I still think I am the winner. Managing my rentals takes time but I think it's needed if we want to maximize our returns. I still haven't decided whether or not to buy the summoners yet using my VOUCHER profits but I should decide to do it sooner rather than later. However, I am waiting for a VOUCHER pump before selling it and all of this will probably go into my chaos legion summoners because of the guild brawl.
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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Does the collection power from Gladius pack reflects in the overall CP of one's deck? I bough a Gladius pack the other day with merits from Brawls.
I keep leveling up the cards from reward and just rent out, it is great how these cards comes in and when leveled up can be of benefit.
I am awaiting VOUCHER PUMP as well either to buy cards or Hive for my 15k HP goal by end of the year.
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The cards in my inventory show some CP value but you can't sell these cards. So I lean on the side that it does count but I am not sure if it really does because I didn't check my CP before and after.
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So you can’t sell Gladious cards? Even in the special store where you buy them?
Interesting, I don’t have any, so I didn’t know that.
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You use guild merits to buy them and you can't sell those cards. The cards can only be used in Brawl.
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Ahhh I understand now, thanks!
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Its always fun reading rental income posts. Keep stacking those DEC :) Personally I haven't checked on my rentals at all this season so I better get on that within the next day or two.
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I haven't been checking mine either so I need to get started on that in the next day or two as well. I need to prepare for the last few days.
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I think rental is more profitable and less tactical but I still don't know how but I will be looking to it soon
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Yea it's still profitable and I can still build my collection. At a later point in time, if I want to level up cards, I can always do so.
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Thanks for sharing! - @marianaemilia
Thanks for sharing!
Interesting, and thanks for sharing.
I am new to Splinterlands and Renting.
I have several rentals, and I agree it is time consuming to check on your rentals to keep them rented and respond to changing rental prices.
I am happy to hear prices have gone up, that should help insure the stability of my rental income, as I had been lowering my rents to keep the cards rented and returning something in a falling market.
I also focused on Gold Foils, specifically Reward cards, as they seemed cheaper. Also My gold toils stayed rented, so I think they are better in that regard also.
I had bought several popular legendaries to rent, which worked out well during the initial stages of the airdrop, but now the prices and rent have dropped, so while I plan to buy a few low mana legendaries to rent, but cautiously as the values of my previous purchases fell so much.
Which legendaries do you find rent consistently?
Which gold foils do you find rent consistently?
Thank you.
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From what I see, most cards are rented out by collection power. Some cards can be rented out for more and it tends to be cards that people find useful. For example, Djinn Oshanus can get you a higher DEC rental but it also costs more. So I am not sure what the best tradeoff is.
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I see. What are your favorite cards to rent out?
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Well for me, I think I like the current reward cards (gold foil rare and legendary). It's all in bulk so I can change their prices together without too many issues.
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I am interested in this topic so much, I have invested in the rental of cards and I discover my card's rent income didn't yield last month I am so lost but would revert to you with some questions please sooner. Thanks for being available to help.
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It's a market where you have to check in every few days to make sure. However, it does yield even if it's not as high as it is in the past. I think this season is a bit worst than usual though.
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