The management of multi-dwelling buildings represents a very important real estate management area providing regular building maintenance and living conditions. This thesis presents the legislative framework of multi-dwelling building management in the Republic of Slovenia. It highlights the management and maintenance of multi-dwelling buildings in the municipality Novo mesto. A sample multi-dwelling building gives an inside look at the multi-dwelling building management regarding facade refurbishment. In addition to the investment, it shows also the differences in housing reserve fund before and after the facade refurbishment.