We have a property investment in Far North Queensland that is managed by an agent. A few months ago the agent contacted us to advise that the tenant was terminally ill & would soon be moving into Palliative Care. The tenant had been keeping (more or less) up to date with his rentals & after he moved out the agent arranged cleaning & mowing of the lawns to make it presentable to the next tenant. We now have a new tenant, however, the agent has advised us that after the finalisation of the monies, expenses, etc, there is a shortfall of $166. This obviously took into account the bond monies that were paid. The agent has attempted to contact the tenant to no avail & now they suspect that he may have passed away. The agent has advised that our options may be limited to recoup the money as first we would need to make a claim on his estate (if he has one) and the first step would be to try & track him down. Understand this could take some time & not guaranteed a favourable outcome. I have also contacted the Tenancy Board in QLD & they kind of advised me the same thing - we would need to locate him. My question is - for $166 is the effort & costs involved trying to recoup the debt far outweighed by the amount we are owed...and, therefore, should we just accept this as a loss?