Splinterlands: Passive Rental Income Update #13
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 12th update on my rental strategy.
The rental market has kind of rebounded and it is now generating more income than it did in the past. My strategy has changed to buying cards that I want to upgrade now and renting them out instead to generate more income. Rather than being focused on a CP-related rental strategy, it's more about specific cards being expensive. I had to do some exploration and see what is actually in demand by the players and have chosen some cards based on it.
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. Generally, I have seen that some of my untamed level 1 cards seem to be the most profitable.
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. The new rewards system is rewarding way more DEC now and the triple-digit DEC drops are not as rare. So it's not a surprise that I am getting quite a bit in DEC. On top of that, my rentals are now generating more income so I believe it will be able to fund my own purchases.
My choice of cards this week is level 1 untamed summoners. The return for these cards are just amazing and the demand for them is also large. Compared to a large amount of chaos legion summoners available, the scarcity of these cards is quite large. It's been the best pick for me and even if the rental prices drop in half, I believe it's still worth it.
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.
Along with the drop in the crypto market came the drop in the price of my own collection. I don't really mind that as much because my rental income has increased a lot and I will still have enough CP to fight in Gold I. Taking the time to go through my cards seems to have been a great decision and I will have to clean up a few more cards I have listed. When I do, I will be earning a decent amount from the collection of cards that I have.
I waited until the start of a new season to decide on a strategy and it looks like I was right to wait. Compared to when the system was released, the rental income has rebounded and the only thing I have to be concerned about is whether or not the prices will last. I will have to re-evaluate my own strategy and which cards to buy every update and I will just take advantage of whatever is hot at this point in time. It's just a bonus that I can always upgrade my summoners afterward if I need to.
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.
Posted Using LeoFinance Beta