Coming soon baby number 2 – Michael Phelps

Michael Phelps is a natural in the pool, and, it seems, at fatherhood.

The 28-time Olympic medalist and his wife, Nicole Johnson, welcomed son Boomer in May 2016 (he made his adorable Olympic debut in Rio) and they’ve had a “blast” watching their son get older.

“We’re at the stage where we’re constantly looking out for him, because he’s grabbing everything,” Phelps, 31, tells PEOPLE with a laugh. “Boomer has a pretty short attention span though, so he’ll go from interested to not in a second.”

Phelps says he also sings goodnight songs and reads books to Boomer before his 7:30 p.m. bed time.

“Depending on his mood, he gets a story, but if he’s grouchy he goes right down,” says Phelps of his son. “And if he wakes up in the middle of the night, we sing a couple of songs and we’ll make up words to lullabies that we know.”

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