Converting Weekly Tenants to Monthly

[Jason Stubblefield]

Hey all!  I just closed on a 34 unit apartment in West Tennessee.  I think it is a solid deal and has great numbers.  I bought it from a burned out landlord and now I see why.  He has tenants paying weekly, monthly, bi-weekly, or whenever.  The tenants signed yearly or monthly leases that allowed them to make payments by the week.  It seems like the previous owner just asked them when they could pay and allowed that to be there due date. 

In order to run this building more efficiently I'd like to switch everyone over to monthly tenants.  Does anyone know of a good method to change weekly/bi-weekly tenants to monthly tenants?  I figure most of the tenants live check to check. I'm looking for a way to get them ahead of schedule by the month instead of only paying for the week prior.