HOW IT WORKS: you drop me off copies of your scenes on DVD (or hard drive, or miniDV or, for the old-timers, even VHS). I do an unsupervised cut. I then upload the cut to a webpage where you can look it over and give notes. I do the notes, and either you can check the final cut online or you come by the bay to finish up. If needed, I then do a finer tune on the sound and color, and send you a final quicktime movie.
I charge by the hour, and obviously it goes faster if you know which scenes you'd like on your reel, and where they are on the DVDs. In most cases, the first time I do a reel for someone it can take between 2 and 5 hours... but I keep all the material on my hard drives, so that when you need to update your reel with a new scene it goes pretty quick.
I charge $ 60/hour.