Renting Out Guide: Maxed Mimosa Up for Grab

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(Edited)

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Evening Splinterlands Fans
Today I am gonna discuss Peakmonsters rentals(Renting Out). Whereas renting in cards is a easy and cost effective way to develop an effective deck, renting out your spare ones can be a great way to earn dividends.

When putting up a card for rent there are few factors, that you need to consider.

  • Be Competitive
The rules of open market apply here too. To attract attention and rented out, your offer needs to be competitive. This is true for most of the cards in higher circulation with many competing parties willing to rent them out. For newly introduced/ extremely scare cards you can always try to monopolize the market and ask for higher rent charges.
  • Be Flexible
To stringent terms can also scare the customers away. So try setting up as much lenient/flexible terms as you can afford. When we speak of term, it means Escrow Price, Daily Fees, Minimum and Maximum Duration. Combined these determine the ROI. More about this below.
I have a maxed Mimosa Knightshade spare and I am not planning on selling it anytime sooner, so I am gonna put it up for rent. Maxed Mimosas are currently available in Rental Market with the lowest ROI of 6.76%, so I am gonna have to come up with a better offer for a fast and successful contract.

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Here is the step by step guide to put up a card for rent:

Step 1:

Go to Peakmonsters.com

Step 2:

Go to the collection tab and select the card you wanna rent out. Then go to top selected cards menu in top right corner and click Rent. Be sure you have authorized peakmonsters for the action. You can check authority status by clicking the Rent drop down menu.

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Step 3:

Next comes the setting of parameters like Daily Fee, Escrow Price, Min Duration and Maximum Duration. When setting up Daily Fee and Escrow Price, keep an eye on ROI in top right corner. Your ROI should be less than ROI of other available offers shown in bottom left.
Be careful in setting up Minimum and Maximum duration. With too low Minimum period you will be risking putting your card in cool down after a short contract with low returns. And a too high Minimum Duration can also dissuade renters interested in short term contracts. Maximum duration should be set up keeping in mind your future requirement of the rented out card.
Also be sure to set up a decent Escrow Price as it serves as a insurance in case of premature contract termination.

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When done setting up prices, hit confirm and you will receive a confirmation pop up that you card have been put up for rental.


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Step 4:

It is always good to double check. So go to the monster you placed up for rental in the Market tab and click Card Rentals. There you should be able to see your offer among others.

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So, thats how you put up a card for rent. I have place Maxed Mimosa up for rent at 4.52% ROI(way lower than other offers), so if any of you folks is interested you know what to do.

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That will be all for today.
Take very good care of yourself and people close to you..
Until next time...
👋Adios👋

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