How property technology brightLET is helping renters fight tenant fees through AI and Bots
01 June, 2019 | Imola Tuzson
- Since launching, brightLET has saved tenants almost £20 million in tenant fees and has attracted over 65,000 professional renters
- brightLET is the world’s first technology solution that uses AI and bots to help renters find their ideal home with no tenant fees and replaces the need for an estate agent
brightLET was founded by Camran Khan, a University of Cambridge graduate, after a family emergency, which left him managing his father’s property portfolio whilst also working a full-time job elsewhere.
After struggling with estate agents, the founder identified a number of inefficiencies and pain points for renters and landlords. He then set himself the challenge of creating a solution that cuts out the middleman to enable a new way of renting your UK property from anywhere in the world.
A typical renter has a LinkedIn style profile for potential landlords to view when enquiring for a property. This profile includes information about the renter, previous landlord references, employment details, supporting guarantors, rent affordability, and credit reports.
During this process, brightLET’s clever AI and bots will help match a renters property requirements to their ideal property without the need of filling in multiple applications and sitting on property sites all day to find a property match. Renters can simply enjoy a cup of tea from the comfort of their homes, as the bots work behind the scenes to find their ideal next move.
brightLET’s mission has always been to fight tenant fees and this is why the solution has attracted over 65,000 renters since launching in 2017 and has saved renters almost £20 million in tenant fees.
Camran Khan, Founder & CEO of brightLET, said: “The platform has attracted a lot of professional renters, who love technology, and are unhappy with estate agent fees. We hope this move will build fantastic relationships from the offset between renters and landlords, as they are moving in happy, knowing that they are no longer paying almost £350 in referencing fees!”