Rentor wants to pay a full year, currently on month to month

[Manuel V.]

Hello Everyone,

 I am new to BP and currently trying to go through the entire podcast series. I have a single family which I'm renting out through a Month to Month agreement and have had it rented for 1 year so far. 

The renters are wanting to pay a full year rent in advance. I wanted to see if this would be a good idea or what the negative impacts could be. I am always looking at the negative implications a and protect my investment.

What would you recommend? My questions are:

1. Should I switch to a 1-year term lease?I like the month to month to prevent non payers.