The article is devoted to the issues of housing and communal services in the sphere of apartment building management. This topic is especially relevant at the moment of real estate market rapid development. The article reveals the advantages and disadvantages of the main methods of management. The article provides recommendations to the process of selecting the form of governance. It is concluded that the main prospect of an apartment house management organization is a mixed form of governance - empowering homeowners with transferring certain functions to the managing organization.