Splinterlands - 60k DEC as passive rental income per month
Today is the end of the season in Splinterlands. Every 15 days there is a new season. People might think that season end matters only for the players but it is not true. The season end matters for people who rent their deck too. Every season towards the end the demand for cards will be very high and we can place the cards for rent in the market for a high price towards the end. On the other days, the demand is very less.
The rental income was not very great in the last few seasons but for the last two seasons, the rental income is again getting better. Usually, we have to verify if our cards have been placed for the correct price or not in the market. Mostly a fair price throughout the season for some cards is better than increasing the price temporarily and reducing the price when the demand is less. It also takes a lot of effort. But people who are okay with that can make some extra money by adjusting the price of the cards regularly.
I was lazy to check the market regularly and update the price. The main reason is that I'm not a Splinterlands player, I stopped playing the game long back and started renting my cards. I couldn't find time to keep track of the changes happening in the game and play the game regularly. That's why I decided to rent out all my cards. Luckily I had some good Gold Foil Legendary cards that give me a decent passive income every month.
I'm happy to share that in the last 30 days, I have earned close to 60k DEC as rental income from splinterlands. The value is close to 175 USD based on the current market price. Even if it was only 150 USD, it is definitely a good source of passive income. Even during the bad times, the rental income was close to 100 USD which is still very good. But the deck value is gradually coming down because of the high supply of the reward cards and the CL cards. This is something that is expected to happen whenever a new thing is released. I don't have any hard feelings as some of the cards I have in my collection are still worth lots of dollars at least at the current market price.
I have no intentions to sell my deck and existing splinterlands even though the APR is less than 10% according to Peak. I might check and see if I invest a little more on some of the cards, probably I can increase my rental income and at the same time the APR of my passive income. But for now, I'm happy with what I'm getting and I'm also not planning to go to a debate on whether playing is better or the rental market is better. Even if playing was better, I don't have time to play the game and I find the rental market easy to manage. Maybe in the future, I will try to hire someone who can play my deck. Most likely someone who is my friend or a family member.
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