Will property management companies do weekly rent collection?

[Brian Carnesecchi]

I am looking at buying a property wherethe current 80 year old owners are local and have been managing it themselves and treating it like a motel. They have hand written agreements with the tenants and the tenants pay rent weekly. The landlords have the have given themselves the right to enter each unit weekly to collect the cash rent payments from the rent book they leave in the units. It is 2 houses Tha they have converted into 7 1 bedroom efficiency apartments.

But I want to buy it and have a property management company manage it. My concern is that there are no legal leases, and the tenants have grown accustomed to paying weekly rent in cash. I would have to retrain them in a new way.

Thoughts?