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Allow the beef tips to bake for about eight minutes per pound, or until the thickest one registers 145 degrees Fahrenheit on a meat thermometer. Remove the skillet from the oven and allow the baked beef tips to cool for about five minutes. Serve the beef tips while hot; add flavor and moisture by drizzling some of the liquid from the skillet over the top. If you are incorporating the baked beef tips in a pasta or sauce, skip the cooling time.
1 Roast beef for 5 minutes per pound. 2  Then turn off oven. 3  DO NOT OPEN OVEN FOR 2 HOURS! (For example, a 4-lb. roast would take 20 minutes to cook and then sit in the turned-off oven for 2 hours.). Preheat oven to 500 degrees. 2  If desired, trim off excess fat from roast beef. 3  Season with salt and pepper (and paprika, if desired). 4  Rub meat with vegetable oil. 5  Place meat in roasting pan in preheated oven. 6  Roast beef for 5 minutes per pound.