Room Backings

A room "backing" is used to enable some slick extra features for residents. We think of a resident not just a someone who pays for a room (resource), but as someone who is "backing" that resource. Often, the backer is trading off affordability for them, with reducing risk for the house. When the resident-backer is not using that resource, it can be used by others.

Creating and Editing Backings

• When a new room is created, a backing is always created

• • backings have 0 or more “users”

  • they have a start date and an optional end date. most backings will probably start off as open ended and then be given an end date, eg, when a user decides to move.

  • backings automtically create associated money and DRFT accounts

  • the account owners and the backing users are set to be the same people.

  • if there are no backers, the house is the backer, and there are no account owners.

• you can update the backer(s) of a room on the room edit page under the manage menu

• • when a backing change is scheduled, it will show up as upcoming on the room edit page

  • there can only be one backing change scheduled for the future. if a backing change was already scheduled, the new backing change will overwrite the previously scheduled one.

  • the “old” accounts associated with the backing do not go away (because they might have balances)

How backings are used

• The backing-associated money and DRFT accounts are where credits to the room-backers are recognized.

• These accounts are also where DRFT and related earnings are stored.

• Fiat Money ($, €, etc.) in these accounts can offset what rent is paid the following month, or be transferred out for other purposes.

• DRFT can be spent by transferring balances to the user's primary account and then paying for bookings from that account.