Splinterlands: Passive Rental Income Update #5

As the prices of Splinterlands asset dropped, I have had less time to manage my rentals or play the game but I have still been accumulating more DEC for my rental strategy. It's been more than a month since my 4th update on my rental strategy. My rental income has dropped according to my season report card and I haven't been draining my dark energy capture rate as much either. So I haven't been making the most of my assets for my rental strategy. However, I am planning to start managing my rentals more now

Rental Progress

My original post, where I announced my strategy, shows my general motivation for doing choosing this strategy. DEC price has dropped down quite a bit since then but the prices of cards using DEC hasn't changed too much. So looking at things in fiat, it's not looking well but looking at the value in DEC, it's doing a decent job.

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 over the past month and a half. I ended up buying reward cards because they were still among the cheapest options available. Compared to my last purchase, Harlaw is about 250 DEC cheaper so the cost of these cards have gone down. I was conflicted about buying another Djinn Oshannus but I thought it wasn't a bad idea to lower my average DEC cost for this card.

One thing to note was that I considered buying some Chaos Legion Legendary cards but I decided against it. After all, I don't have any idea whether or not that ability would make the card have much demand and the APR is high right now because it's near the season end. So I am not sure how well it will do during the normal season.

Income

My income and all rental price management is done through Peak Monsters because of the tools it provides me. I couldn't change my prices because it near the season end so it doesn't seem like a great time to update my prices. I might be losing out on some DEC as people are renting them up at premium prices. Above is my previous report's income and below is my current income. My rental income is far higher than last time because most of my cards were rented out for the season end. I did list the cards I just bought for the rental market and some duplicate legendary cards that I got from the chaos legion airdrops. I still have a GFL that I am thinking of renting out as well and maybe just buying a level 1 version for myself to use instead.

Conclusion

Despite leaving my rental strategy on auto-pilot, I was collecting a few thousand DEC a season and I should manage it for more income. Instead of letting it sit in my inventory for longer, I decided it was finally time to start buying cards and letting it compound. What I mentioned in my previous update is still true because there is just way too much supply in the market. However this was bound to happen because of Chaos Legion but growth is still growth. I plan on checking the prices over the next few weeks to get a feel of how the APR is on the various chaos legion legendary cards so I am more prepared for my next purchase.

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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