| Features | Tenant Placement Only | Full Service | Platinum Service |
|---|---|---|---|
| Upfront Pricing. No hidden fees. |
N/A | $67/month + 2% of rent collected (Min charge $99) | $250/month + $10 for rents over $2,500 |
| Tenant Placement This fee covers preparing your home for rent, marketing & advertising, showing appointments, screening, executing lease contracts and collecting funds. |
75% of full month’s rent (min $1000) | 35% of full month’s rent (min $600) | 35% of full month’s rent (min $600) |
| Commission to Agents Commission paid to the real estate agent for an approved applicant. |
N/A | 10% of full month’s rent | 10% of full month’s rent |
| Home Assessments (Pre-Engagement Compliance, Lease Renewal, End-of-Lease) Clockwork performs 3 types of assessments. 1. Pre-Engagement Compliance: This assessment is performed prior to marketing the property to verify the home is in compliance and to identify any clean up or repairs that need to be completed. 2. Lease Renewal: This assessment is performed approx. 90 days prior to the end of the lease terms. 3. End-of-Lease: This assessment is performed when a tenant vacates. |
$95 | $95 |  |
| Lease Renewal 90 days prior the lease end date all leases will automatically renew with a 3% rent increase unless the owner notifies us NOT TO renew the lease. |
$275 | $275 | |
| 1099 Preparation & Cash Flow Statement Preparation This fee covers preparing the year-end tax documents: 1. Form 1099 2. Cash Flow Statement |
|
$100/yr. | |
| Eviction Protection | N/A | N/A | |
| Malicous Damage $50,000 Damage perpetrated on the insured property which is deliberate, intentional and motivated by spite, malice or vindictiveness. It also includes arson where the fire is intentionally set by the perpetrator. |
N/A | N/A | |
| 8 Weeks Rent Paid if Tenant Abandons The tenant vacates with or without providing the required notice in accordance with their lease, or vacates at the end of their lease leaving unpaid rent during the Period of Liability. |
N/A | N/A | |
| 10 Weeks Rent Paid if Tenant is Evicted When eviction action is brought against the tenant for delinquent rent, if the eviction is successful, an eviction order will be granted for the termination of the tenant's lease. |
N/A | N/A | |
| 12 Weeks Rent Paid if Tenant Passes Away The death of the tenant prevents the rent from being paid. This coverage only applies if the tenant was the sole person listed in the relevant lease during the Period of the Liability. |
N/A | N/A | |
| Service Animal Damage (Coverage Up to $1,000) A service companion or emotional support animal, determined by a qualifed third party, provides a benefit to an individual with a verifiable disability. Support animal shall mean any animal individually trained to do work or perform tasks to meet the requirements of a disabled person, including, but not limited to, minimal protection work, rescue work, pulling a wheelchair or retrieving dropped items. |
N/A | N/A | |
| Theft or Damage Due to Theft (Covered Up to $25,000) Theft or damage due to theft caused by an unknown person. |
N/A | N/A | |
| Eviction Filing Fee, Eviction Defense Cost (Covered Up to $25,000) The costs incurred relating to an eviction lawsuit where a claim or complaint has been filed with a regulatory agency due to rent delinquency. |
N/A | N/A | |
| ONLY IF APPLICABLE | |||
| Home Warranty/Non-Approved Vendors | $40 | |
|
| Insurance Claim Oversight | $100 | |
|
| Insurance Non-Compliance | $20/mo | |
|
| 588 Waiver | $75 | |
|
| Existing Tenant Setup | $100 | |
|
| Franchise Tax Board Withholding | $25/quarter | |
|
| Features | Leasing Only |
|---|---|
| Upfront Pricing. No hidden fees. |
N/A |
| Tenant Placement This fee covers preparing your home for rent, marketing & advertising, showing appointments, screening, executing lease contracts and collecting funds. |
75% of full month’s rent (min $1000) |
| Commission to Agents Commission paid to the real estate agent for an approved applicant. |
N/A |
| Home Assessments (Pre-Engagement Compliance, Lease Renewal, End-of-Lease) Clockwork performs 3 types of assessments. $95 |
|
| Lease Renewal 90 days prior the lease end date all leases will automatically renew with a 3% rent increase unless the owner notifies us NOT TO renew the lease. |
$275 |
| 1099 Preparation This fee covers preparing the year-end tax documents: 1. Form 1099 2. Cash Flow Statement |
|
| Malicous Damage $50,000 Damage perpetrated on the insured property which is deliberate, intentional and motivated by spite, malice or vindictiveness. It also includes arson where the fire is intentionally set by the perpetrator. |
N/A |
| 8 Weeks Rent Paid if Tenant Abandons The tenant vacates with or without providing the required notice in accordance with their lease, or vacates at the end of their lease leaving unpaid rent during the Period of Liability. |
N/A |
| 10 Weeks Rent Paid if Tenant is Evicted When eviction action is brought against the tenant for delinquent rent, if the eviction is successful, an eviction order will be granted for the termination of the tenant's lease. |
N/A |
| 12 Weeks Rent Paid if Tenant Passes Away The death of the tenant prevents the rent from being paid. This coverage only applies if the tenant was the sole person listed in the relevant lease during the Period of the Liability. |
N/A |
| Service Animal Damage (Coverage Up to $1,000) A service companion or emotional support animal, determined by a qualifed third party, provides a benefit to an individual with a verifiable disability. Support animal shall mean any animal individually trained to do work or perform tasks to meet the requirements of a disabled person, including, but not limited to, minimal protection work, rescue work, pulling a wheelchair or retrieving dropped items. |
N/A |
| Theft or Damage Due to Theft (Covered Up to $25,000) Theft or damage due to theft caused by an unknown person. |
N/A |
| Eviction Filing Fee, Eviction Defense Cost (Covered Up to $25,000) The costs incurred relating to an eviction lawsuit where a claim or complaint has been filed with a regulatory agency due to rent delinquency. |
N/A |
| ONLY IF APPLICABLE | |
| Home Warranty/Non-Approved Vendors | N/A |
| Insurance Claim Oversight | N/A |
| Insurance Non-Compliance | N/A |
| 588 Waiver | N/A |
| Existing Tenant Setup | N/A |
| Franchise Tax Board Withholding | N/A |
| Features | Full Service |
|---|---|
| Upfront Pricing. No hidden fees. |
$67/month + 2% of rent collected (Min charge $99) |
| Tenant Placement This fee covers preparing your home for rent, marketing & advertising, showing appointments, screening, executing lease contracts and collecting funds. |
35% of full month’s rent (min $600) |
| Commission to Agents Commission paid to the real estate agent for an approved applicant. |
10% of full month’s rent |
| Home Assessments (Pre-Engagement Compliance, Lease Renewal, End-of-Lease) Clockwork performs 3 types of assessments. $95 |
|
| Lease Renewal 90 days prior the lease end date all leases will automatically renew with a 3% rent increase unless the owner notifies us NOT TO renew the lease. |
$275 |
| 1099 Preparation This fee covers preparing the year-end tax documents: 1. Form 1099 2. Cash Flow Statement |
$100/yr. |
| Malicous Damage $50,000 Damage perpetrated on the insured property which is deliberate, intentional and motivated by spite, malice or vindictiveness. It also includes arson where the fire is intentionally set by the perpetrator. |
N/A |
| 8 Weeks Rent Paid if Tenant Abandons The tenant vacates with or without providing the required notice in accordance with their lease, or vacates at the end of their lease leaving unpaid rent during the Period of Liability. |
N/A |
| 10 Weeks Rent Paid if Tenant is Evicted When eviction action is brought against the tenant for delinquent rent, if the eviction is successful, an eviction order will be granted for the termination of the tenant's lease. |
N/A |
| 12 Weeks Rent Paid if Tenant Passes Away The death of the tenant prevents the rent from being paid. This coverage only applies if the tenant was the sole person listed in the relevant lease during the Period of the Liability. |
N/A |
| Service Animal Damage (Coverage Up to $1,000) A service companion or emotional support animal, determined by a qualifed third party, provides a benefit to an individual with a verifiable disability. Support animal shall mean any animal individually trained to do work or perform tasks to meet the requirements of a disabled person, including, but not limited to, minimal protection work, rescue work, pulling a wheelchair or retrieving dropped items. |
N/A |
| Theft or Damage Due to Theft (Covered Up to $25,000) | N/A |
| Eviction Filing Fee, Eviction Defense Cost (Covered Up to $25,000) The costs incurred relating to an eviction lawsuit where a claim or complaint has been filed with a regulatory agency due to rent delinquency. |
N/A |
| ONLY IF APPLICABLE | |
| Home Warranty/Non-Approved Vendors | $40 |
| Insurance Claim Oversight | $100 |
| Insurance Non-Compliance | $20/mo. |
| 588 Waiver | $75 |
| Existing Tenant Setup | $100 |
| Franchise Tax Board Withholding | $25/quarter |
