1st rental starts this Friday

[Ty Kashmiry]

Hi everyone,  Closing on my first rental and its a 4 plex.  I'm happy to say I got it from an out of town investor who I know very well and has told me everything about the property.  I got it for a 20% discount.  The inspection report was pretty good and the building mechanically is sound.  Now for the good stuff about the building.  3 of the 4 tenants either don't pay on time , haven't paid in months or pay a little and not the full amount. I close Friday and one tenant paid some of the rent for January that will go toward what he owes in prior months and the one tenant paid his full rent and is in good standing.  So that leaves 2 individuals who didn't pay and are involved in some government assistance (not section 8) and are very behind.  The seller is going to give me details on where everyone stands rent wise before we close.  All tenants are month to month except for the tenant who pays on time.  So here is my question for everyone.   Do I go to the tenants who didn't pay and try to collect rent for January and have them sign a new lease for 2/1/21 or do i just ask them to leave and if they decline put a 3 day notice on the door and start the proceedings?  I will have all deposits given to me at closing of course.  Would like to hear everyone's opinion on the situation.  I understand the situation I was walking into and understand I have to clean up some things but I am super excited to get started and know its going to be a great property.  If it was a turnkey property I wouldn't of got it for a 20% discount .  The location is in Columbus Ohio.  I have a lot of real estate experience in the flipping side of the business but I owned 2 rentals 12 years ago and to be honest I was flying by seat of my pants and it just worked out great.  I also had 2 homes in great areas.

Thanks for your support