Splinterlands: Passive Rental Income Update #9

in LeoFinance2 years ago (edited)

The rental market has been cooling off lately and I haven't been managing my prices as much. 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 8th update on my rental strategy. Last season's rentals will definitely be less than the season before and I think this season's rental will be quite bad because there was a period of time where I left my cards unrented towards the start. I put off doing so and the fault for that lies with me.

Rental Progress

My original post, where I announced my strategy, shows my general motivation for doing choosing this strategy. The DEC price is about the same as the last time I published my report but it still seems like DEC will move back to the soft peg.

Purchases

card buys.png

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 cost of cards in the reward section has gone down in fiat value but the cost of the chaos legion cards is still fairly high.

My choice of cards this week is some gold foil rare cards again. Given the prices, I just feel that gold foil rare cards are nice to get and they can still be found fairly cheaply on the market. I was able to buy 3 cheap rare cards off the market without too many issues and I didn't buy as many cards this time because I bought some cheap summoners a week ago. While these extra purchases won't be added to my rentals, they still increase my CP so I can rent out more cards.

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.
previous.png
Above is my previous report's income and below is my current income.
current.png
Overall, it looks like the prices on the rental market are dropping. The fiat value of cards have also gone down and it's too bad because my deck was worth 5 digits in the past. Either way, the rental market gives me a way to grow my income even further and I am happy with it. I don't think my next purchase will be as good because I didn't rent out some of my cards for a few days.

Conclusion

The DEC price is fairly stable but I expect it to drop even further. The information about being a Splinterlands validator is out and it has increased the price of both SPS and VOUCHER. I took the chance to dump some of my VOUCHER and get some Hive. I was planning on using this to beef up my deck but the buy order for DEC was never filled. I'll see what I can do later and check out the prices. Either way, the rental market allows you to grow and it's risk-free because it's all delegations.

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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I don't even rent out because I need all that collection power, nevertheless. However it's amazing to be able to earn off an asset that's still completely yours.

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I just place my unused ones I receive from rewards in rentals as I level them up. I should have +- 30k CP cards in rentals.

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Wow, that is way huge . I need alot of cp to enter gold II

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Am in gold III, I should be needing about 8-9k CP for gold II but am not in a rush to get in there lol, that will require me to pull off my entire cards off the rental market

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I generally try to put 100k CP into rentals because I am happy with my position at Gold II. This amount is growing as I get more cards and as I buy more cards for my rental strategy.

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Yea collection power is an issue but after you get enough, you can start renting. The rental market is amazing because you still own all the assets.

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The fiat value of cards have also gone down and it's too bad because my deck was worth 5 digits in the past.

Heh same here. Lol

I haven’t been delving in rentals lately.

What are your thoughts about them validators. Do you think they will sell out?

I’m still accumulating sps and vouchers, at some point, I’ll be buying packs with them.

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I think the validators will sell out, Splinterlands whales are not going to dull on an opportunity to increase their income.

Only if it isn't going to be so pricey!

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Mixed opinions all around the place. Lol it will be fun to watch.

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Lol we are good at speculating around here!
keeps us out of boredom lol!

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Yes but I don't really see what benefits the validators get besides SPS. I don't even know if it would be profitable to do so.

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For further decentralization of the game is a benefit to the game itself, along with SPS which might serve as residual income amongst other benefits. I suppose we will have to see how it pans out.

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Yes but most people probably won't secure the network unless it's at least break-even. So we don't really know how things will pay out and whether or not this could be profitable just yet.

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They will sell out immediately, big things are coming to splinterlands we just need to wait a little

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I don't think they will sell out. As of right now, I don't really know if it will be profitable enough for people to buy-in. As people miss the first few deadlines, the cost of the validators also goes up and I think it will take time to sell over time.

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I wish I could join the leagues of rentals but I will have to invest on that separate to go big If I want to

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I don't think you have to invest big. A little here and there will work out fine. Just delegate out some of the duplicate cards that you don't need for your collection power league requirements.

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I was on the buying mode also but just two Adelade Brightwing this week pushing it to level 2.

Buying summoners is a plan I have to put into gear but haven't start yet.

Am still Hodling Voucher because I think it will go up more on some special sale. Will decide whether buy Hive and power up or buy cards.

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I think the summoners are probably going to be my first focus because that is my bottleneck right now.

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Am at level 4, I need 25 of each summoners I have to upgrade, am also unsure which format I will find myself playing when modern and wild ranked battles launch but am leaning towards wild most probably.

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I think I will lean more towards wild because I don't really have many alpha/beta cards.

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Thanks for sharing! - Legalizabrazil#3575

Manage rents it's kind a new game haha. nice strategy buying gold foil they are at a good price rn. you're doing good, manage rents is a constant job! Thanks for sharing and good lucky!

I suspect you are right about the DEC price dropping further. $1/1000 or there about is waiting in its future. Good luck on the battlefield this season.

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Yea I think the soft-peg is going to happen but I think it might have to wait till the SPS airdrop ends.

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Cool report there. Everything about Splinterlands is at the very beginning level. Once the prices start going 10x, your APYs would have adjusted Amazingly.

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Yea and the market APY can change depending on where you are in the season. So you have to make sure and check prices to make sure everything is going well.

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