Splinterlands: Passive Rental Income Update #14
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.
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.
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.
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.
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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