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revoke current lease and do month to month with tennants

My tennants are always late and I want to terminate current lease and go to a  month to that possible and are there any advantages?

You signed a contract with the tenants for a particular period of time.  You can't just unilaterally cancel a contract.  A contract is between TWO parties; it's not one-sided.
In your lease you should have a clause that allows you to change the contract with a 30 day notice. Also there should be a limit as to how many late payments will be accepted in a twelve month period without the tenant being in default. When that limit is reached you can evict.
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